South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms,

The US and South Korea have discussed creating a fund to invest in American projects as part of a trade deal, similar to an agreement Japan struck Tuesday with President Donald Trump, people familiar with the matter said.

Samsung boss Jay Y. Lee is heading off to the US to join South Korea in trade talks with the Trump administration.

The two sides will reschedule the meeting between Treasury Secretary Scott Bessent and South Korean Finance Minister Koo Yun-cheol, as well as the top trade envoys of both countries, as soon as possible,

According to the multiple sources, Industry Minister Kim Jung-kwan held talks with U.S. Commerce Secretary Howard Lutnick on Friday (local time) in New York, during which he presented the proposal, dubbed "Make American Shipbuilding Great Again" (MASGA).

President Trump and European Commission President Ursula von der Leyen announced Sunday that the US and EU had agreed to the framework of a trade deal that included a baseline tariff rate of 15% on EU goods imported into the US.