INTERNATIONAL
South Korea-US trade talks also include chips, batteries and biotech, Seoul official says
South Korean Finance Minister Koo Yun-Cheol (left) meeting with US Commerce Secretary Howard Lutnick, Washington, DC, United States, JULY 29, 2025. - Screengrab/via REUTERS
SEOUL, South Korea: South Korea, which is holding trade negotiations with the United States, is also discussing potential cooperation in chips, batteries and biotechnology under a package proposal, South Korea's chief presidential policy secretary Kim Yong-beom said on Wednesday (July 30).
AI Brief
Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said, as top business leaders were also reported to be flying in to help lobby for a deal on U.S. tariffs.
South Korean Finance Minister Koo Yun-cheol joined Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo, who have been in Washington since last week, for two hours of talks with Lutnick, a ministry spokesperson said in Seoul.
The South Korean government is negotiating with the U.S. by "setting up a package that focuses on areas where South Korea and the U.S. can achieve mutually beneficial results to the extent that we can bear them," the presidential office said in a statement.
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AI Brief
- Three South Korean ministers met US Commerce Secretary Lutnick in Washington for high-level trade negotiations.
- Talks aim to build a tariff deal that balances mutual benefits and economic tolerance for both countries.
- Top business leaders joined efforts, lobbying for a resolution to US tariffs impacting South Korean exports.
Three cabinet-level South Korean officials met U.S. Commerce Secretary Howard Lutnick in Washington for trade talks, Seoul said, as top business leaders were also reported to be flying in to help lobby for a deal on U.S. tariffs.
South Korean Finance Minister Koo Yun-cheol joined Industry Minister Kim Jung-kwan and Minister for Trade Yeo Han-koo, who have been in Washington since last week, for two hours of talks with Lutnick, a ministry spokesperson said in Seoul.
The South Korean government is negotiating with the U.S. by "setting up a package that focuses on areas where South Korea and the U.S. can achieve mutually beneficial results to the extent that we can bear them," the presidential office said in a statement.