South Korea, US sign MOU on $350 billion strategic investment, Seoul says

2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju
U.S. President Donald Trump meets with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in Gyeongju, South Korea, October 29, 2025. REUTERS/Evelyn Hockstein
Source: REUTERS

South Korea and the United States signed a memorandum of understanding to realise $350 billion in strategic investments in various industries in the U.S., South Korea's Industry Minister Kim Jung-kwan said at a briefing on Friday.

The two countries will complete the selection of investment plans by January 2029, Kim said.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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