President Lee Jae-myung evaluated the conclusion of the Korea-U.S. trade negotiations on the 31st, saying, "We have created conditions that will allow us to compete on equal or superior terms with major countries by eliminating uncertainties in the export environment and matching the U.S. tariff to a level lower than or the same as that of key competitors in our exports." He noted that out of the $350 billion investment in the U.S., $150 billion will serve as an expense for the "shipbuilding cooperation-specific fund," stating it would provide strong support for our corporations' entry into the U.S. shipbuilding industry.
On this day, President Lee posted on Facebook with the title, "We have concluded the tariff negotiations with the United States," stating, "Though the time was tight and the conditions were challenging, the government engaged in negotiations with national interests as the top priority."
Regarding the $350 billion investment Korea has decided to make in the U.S., he stated, "This will solidify the foundation of strategic industrial cooperation between the two countries," adding, "It will play a role in assisting our corporations' active entry into the U.S. market in industrial sectors where we have strengths, such as shipbuilding, semiconductors, secondary batteries, biotechnology, and energy." Among this, he mentioned that the $150 billion would serve as the "shipbuilding cooperation-specific fund" to strongly support our corporations' entry into the U.S. shipbuilding industry.
President Lee noted, "Negotiation is not easy because there is a counterpart. It is important to derive reciprocal results, not just to gain benefits unilaterally," and stated, "This agreement is the result of the alignment of America's interests for manufacturing reconstruction and our determination to expand the competitiveness of our corporations in the U.S. market." He further added, "Through this, I expect that industrial cooperation between Korea and the U.S. will be further strengthened, and that the Korea-U.S. alliance will also become more solidified."