Han Duck-Soo told the Cabinet meeting that he believes that this Thursday speech this next year will help Seoul and Washington acquire mutually beneficial solutions.
South Korean representative president Han Dak Saw hopes this week’s trade talks with the US will set the two countries towards mutually beneficial outcomes, he said at a cabinet meeting on Tuesday.
US President Donald Trump imposed a 25% mutual tariff on imports from East Asian countries earlier this month, later suspending for 90 days.
However, tariffs for the automotive and steel sector remain at 25%.
Han said the meeting was scheduled for Washington’s request and will take place in the US capital on April 24th.
Before departing for Washington on Tuesday, South Korean finance minister Choi Sang-mok said he aims to return after “opening the door” to debate strengthening South Korea-US alliance.
Minister of Industry Anne Duc Jean also attended the meeting, where the Trump administration will be represented by US Treasury Secretary Scott Bescent and US Trade Representative Jamieson Greer.
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“Because the industries in both countries are closely related, our goal is not to impose tariffs, but to negotiate the direction of victory,” Anne said.
“We will respond proactively by consulting closely with the US government to minimize the impact on us.”
The statement added that certain agendas have been coordinated with Americans but have not yet been confirmed.
South South Korean stocks closed on flats on Tuesday. Trade barrier. Benchmark Kopsi was closed by jWeT 1.78 points, or 0.07%, 2,486.64.
East Asian countries’ economies are vulnerable to potential trade losses from US tariffs, as much of their revenue comes from exports from products around the world, particularly to the US market.
Han said Monday that the consultation process with the US “may not be easy.”
Trump said sharing the costs of maintaining US troops in South Korea is part of a “one-stop shopping” negotiation with Seoul.
However, they say that cooperation on shipbuilding is a “very important card” held by the state, and participation in the Alaska gas project can form part of the package.
He told the paper that “the role of the United States was huge to make South Korea the way it is now.”
Yoon issued a surprise late-night declaration of martial law, which he said was partly necessary to eradicate the “anti-state” element.
He lifted the order six hours later after Congress officials barricaded their barricades within the Bar Bureau using sofas to block special operations soldiers who broke windows when they tried to enter the Chamber of Commerce, where lawmakers voted to deny martial law.
Yoon denied that the martial law order was an attempted coup.
