South Korea and the United States agreed to craft a package of deals aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation said after the first round of trade talks in Washington.

South Korea could offer to expand production bases in the United States via Korean companies, including in the automotive, chip and battery sectors. On March 24, Hyundai announced

The US and South Korea could reach an “agreement of understanding” on trade as soon as next week, Treasury Secretary Scott Bessent said Thursday, following talks between the two nations.