South Korea and the United States are set to finalize a landmark memorandum of understanding (MOU) on trade and nuclear cooperation during US President Donald Trump’s state visit to Seoul on October 29, according to South Korean government officials and the presidential office.
The upcoming agreement is expected to feature several key provisions, including Washington’s commitment to lower tariffs on Korean imports from 25% to 15%, aimed at strengthening bilateral trade relations. In return, Seoul plans to establish a $350 billion investment fund dedicated to financing infrastructure and technology projects in the United States.
The MOU will also include plans for enhanced cooperation on uranium enrichment and nuclear fuel reprocessing, marking a significant step forward in bilateral nuclear collaboration.
While the agreement covers a broad range of strategic and economic initiatives, officials confirmed that a few outstanding issues remain under negotiation and will likely be excluded from the final document.
The deal underscores the deepening economic and strategic partnership between Washington and Seoul, coming at a time when both nations are focusing on energy security, supply chain resilience, and trade diversification.
