On November 14, 2025, the White House released a Joint Fact Sheet outlining the outcomes of President Donald J. Trump’s meeting with South Korean President Lee Jae Myung. Their discussions during the state visit on October 29 focused on important economic initiatives, with South Korea committing $150 billion in investments across critical industries and an additional $200 billion through a Memorandum of Understanding. Both leaders highlighted the significance of strengthening the U.S.-ROK alliance, addressing trade barriers, and enhancing security cooperation regarding North Korea, while reaffirming their commitments to mutual economic prosperity and regional stability.

The leaders announced the Korea Strategic Trade and Investment deal, which includes substantial foreign direct investments from South Korean companies and the reduction of tariffs on certain products to improve trade efficacy. They agreed to eliminate non-tariff barriers that obstruct trade and promote reciprocal arrangements to facilitate easier market access for U.S. automobiles and agricultural goods. Both nations also pledged to protect intellectual property rights and ensure fair treatment for U.S. businesses in the Korean market, addressing concerns related to digital services and environmental regulations.

Regarding regional security, the two leaders discussed the need for strong military cooperation, including South Korea’s promise to increase its defense budget and purchase U.S. military equipment. They reiterated their shared objective of fully denuclearizing North Korea and committed to upholding international maritime laws, aiming to resolve tensions in the Taiwan Strait peacefully. Additionally, they outlined plans to modernize their naval capabilities and strengthen their partnerships across various sectors, including defense and technology.

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