President Lee: "It Was a Beautiful Negotiation" on Korea-US Tariff Agreement [Gyeongju APEC]

Final Agreement Reached on Details of US Investment Fund
"Transforming Bilateral Relations into a Future-Oriented Comprehensive Strategic Alliance"
"President Trump Supports Nuclear-Powered Submarine Construction... Enhancing Independent Defense"

President Lee Jaemyung described the dramatic resolution of the Korea-US tariff negotiations as "a truly wonderful and beautiful negotiation." On the previous day (October 29), during the Korea-US summit held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, the two countries finalized the details of a $350 billion (approximately 500 trillion won) investment fund for the United States.

Yonhap News Agency

On October 30, President Lee shared these thoughts on his X (formerly Twitter) and Facebook accounts, writing, "It was a golden moment that further solidified trust and cooperation between the two countries and marked a turning point for the future-oriented development of the Korea-US alliance." He continued, "I would like to express my deep gratitude to President Donald Trump," and added, "Through our long-standing friendship and cooperation, we were able to reaffirm the true value of the Korea-US alliance once again."

He also mentioned the main topics addressed during the summit. President Lee stated, "We agreed on the need to deepen bilateral relations into a future-oriented comprehensive strategic alliance, and decided to strengthen efforts to modernize the Korea-US alliance." He went on to say, "President Trump strongly supported South Korea's plan to build a nuclear-powered submarine," and added, "By enhancing our self-reliant defense capabilities, we will be able to develop the alliance in a more mutually beneficial way."

Yonhap News Agency

He also announced that cooperation in future industries would be strengthened. President Lee wrote, "With the tariff agreement, cooperation will expand in future industries, focusing on advanced technology development, large-scale investments, and the creation of quality jobs." Regarding the highly anticipated discussions on revising the nuclear agreement, he stated, "We have made substantial progress in uranium enrichment and spent nuclear fuel reprocessing, and will continue joint efforts to strengthen energy security."

President Lee also highly praised President Trump's efforts to promote a North Korea-US summit. He said, "President Trump's proposal to hold a North Korea-US summit is a signal of hope that will spark a wave of peace on the Korean Peninsula," and added, "The leaders of Korea and the United States will continue to pursue substantive diplomatic efforts for peace and stability on the Korean Peninsula as 'peacemakers' and 'pacemakers'." He concluded, "The 'great journey' to write a new history for the Korean Peninsula continues, and we will steadfastly move toward a stronger and more peaceful future."

This content was produced with the assistance of AI translation services.