Key facts
- U.S. President Donald Trump met with South Korean President Lee Jae Myung on the sidelines of the U.N. General Assembly.
- The leaders discussed shipbuilding cooperation, among other topics.
- Trump expressed interest in rebuilding the U.S. Navy and shipbuilding industry.
- South Korea pledged to invest $350 billion in the U.S., with $150 billion for shipbuilding.
- Trump reaffirmed commitment to resuming dialogue with North Korea.
- Discussions included efforts for the transfer of wartime operational control to Seoul.
U.S. President Donald Trump and South Korean President Lee Jae Myung held a meeting on the margins of the U.N. General Assembly in New York this week, discussing shipbuilding cooperation and other key issues. A White House official confirmed the meeting, stating that Trump expressed interest in collaborating with South Korea to bolster the U.S. Navy and its shipbuilding sector.
As part of a bilateral trade deal, South Korea has committed to investing $350 billion in the U.S., with a significant portion, $150 billion, earmarked for the shipbuilding industry. During their discussion, Trump also reiterated his commitment to re-engaging in dialogue with North Korea. Additionally, the leaders addressed joint efforts concerning the transfer of wartime operational control from Washington to Seoul.