Korea, U.S. reach trade deal on $350B investment pledge

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Published: 29 Oct. 2025, 19:09 Updated: 29 Oct. 2025, 19:46

LIM JEONG-WON
[email protected]

President Lee Jae Myung, right, and U.S. President Donald Trump, left, are seen during a special dinner hosted by Lee at the Hilton Hotel in Gyeongju, North Gyeongsang, on Oct. 29. [JOINT PRESS CORPS]

U.S. President Donald Trump said Wednesday evening that the United States had reached a trade deal with Korea.

At a dinner hosted by President Lee Jae Myung in Gyeongju, North Gyeongsang, as part of the APEC Economic Leaders’ Meeting, Trump said, “We did,” in response to a question about whether the two leaders had reached a trade deal.

“We reached a deal,” Trump said. “We've had a lot of different things — we've had a great session; it's an honor."

Seoul’s presidential office also confirmed that a trade deal has been finalized.

Updated, Oct. 29, 2025: Updated to include confirmation by Seoul.

BY LIM JEONG-WON [[email protected]]