Can South Korea and the US Reach a Fair Trade Agreement?
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Synopsis
South Korean President Lee Jae Myung is optimistic about reaching a fair trade agreement with the US. During a meeting in New York, he discussed the ongoing negotiations and the importance of a reasonable solution. As tensions persist on the Korean Peninsula, Lee emphasizes collaboration with Washington for peace and stability.
Key Takeaways
- South Korea aims to finalize a bilateral trade deal with the US.
- The trade agreement involves a USD 350 billion investment pledge.
- Lee expressed hope for exploring reasonable solutions in negotiations.
- Enhancing outreach to the US government and communities was suggested.
- Ongoing efforts for peace on the Korean Peninsula were highlighted.
Seoul, Sep 24 (NationPress) South Korean President Lee Jae Myung has conveyed optimism regarding the potential for Seoul and Washington to devise a "reasonable" solution to finalize a bilateral trade agreement. This statement came during a meeting with foreign affairs experts in New York, as reported by the presidential office on Wednesday.
During a dinner gathering on the sidelines of the UN General Assembly, Lee discussed the ongoing trade negotiations with the United States, focusing on the efforts to finalize the specifics of a USD 350 billion investment commitment made under a comprehensive trade agreement established in late July, according to the Yonhap News Agency.
Lee elaborated on why South Korea cannot unconditionally accept the demands from the US and expressed a desire for both parties to seek a reasonable resolution, as highlighted in a release from the presidential office.
Among the attendees were notable figures like Kang Kyung-wha, president of the Asia Society and Lee's nominee for ambassador to the U.S.; Thomas Byrne, president of the Korea Society; Susan Elliott, president of the National Committee on American Foreign Policy; Kathleen Stephens, chair of the Board of the Korea Society; Ian Bremmer, president of the Eurasia Group; and Daniel Kurtz-Phelan, editor of Foreign Affairs.
The experts acknowledged the robust investment activities of South Korean companies in the U.S. and urged Seoul to enhance its engagement with the U.S. government, Congress, and local communities, offering support to address ongoing issues between the two nations, as stated by the office.
Lee also detailed Seoul's initiatives to reduce military tensions and pursue denuclearization on the Korean Peninsula.
He emphasized that Korea, the only nation divided globally, considers peace and stability on the peninsula essential for establishing a global peace framework.
Referring to US President Donald Trump as a leader with the capacity and determination to reach the goal, Lee committed to collaborating with Washington on a pragmatic strategy regarding North Korea, according to the office.
The attendees noted Trump's reaffirmation of his readiness to resume discussions with North Korean leader Kim Jong-un during their summit last month and expressed hope for progress in reducing tensions and promoting peace on the peninsula, as indicated in the report.
Trump and Kim have conducted three summits throughout Trump’s initial term.
Point of View
It is imperative to recognize the delicate balance between national interests and international diplomacy. The ongoing trade negotiations between South Korea and the United States highlight the need for a collaborative approach that respects both nations' needs while striving for peace on the Korean Peninsula.
NationPress
11/11/2025
Frequently Asked Questions
What is the main goal of the trade talks between South Korea and the US?
The primary objective is to finalize a bilateral trade agreement that includes a USD 350 billion investment pledge.
Who attended the dinner meeting with President Lee?
Notable attendees included Kang Kyung-wha, Thomas Byrne, Susan Elliott, Kathleen Stephens, Ian Bremmer, and Daniel Kurtz-Phelan.
What are South Korea's efforts regarding military tensions?
South Korea is actively working to ease military tensions and pursue denuclearization on the Korean Peninsula.
What was President Lee's perspective on US demands?
President Lee explained that South Korea cannot accept US demands unconditionally and seeks a reasonable solution.
What was discussed regarding North Korea during the meeting?
Participants emphasized the importance of resuming talks with North Korean leader Kim Jong-un for advancing peace on the peninsula.
