US-South Korea Relations
US envoy nominee Michelle Steel pledges fair treatment for American firms in South Korea
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Michelle Steel, nominated as the next U.S. ambassador to South Korea, told a Senate committee she would work to prevent discrimination against American companies operating there if confirmed.
The US Senate confirmed former congresswoman Michelle Steel as ambassador to South Korea on June 17 in a 55-39 vote.
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Under Secretary of State Allison Hooker will visit Seoul in the coming weeks to launch bilateral working groups implementing agreements from the October 2025 summit between Presidents Lee Jae Myung and Donald Trump, building on earlier follow-up talks.
President Lee Jae Myung met with leaders of major conglomerates in Seoul on Sunday to discuss follow-up measures to the recent U.S.-South Korea trade and security agreements, pledging to minimize barriers to corporate activities. The meeting followed the release of a joint fact sheet two days earlier, outlining Seoul's $350 billion investment plans in the U.S. in exchange for reducing U.S. tariffs from 25 percent to 15 percent. Business leaders shared plans for domestic investments and hiring to bolster the local economy.
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President Lee Jae Myung is set to meet leaders of key conglomerates later on Sunday to discuss follow-up measures for the US trade and security agreements. The meeting follows two days after Seoul and Washington released a joint fact sheet from their recent summit talks. It includes South Korea's $350 billion investment plans in the US in exchange for tariff reductions.
U.S. Defense Secretary Pete Hegseth will travel to Asia this week, including South Korea, to stress the need for allies to boost defense spending and contribute to collective defense. The Pentagon said Hegseth will praise South Korea's commitment to increasing defense spending and taking greater responsibility for alliance deterrence during the annual Security Consultative Meeting in Seoul on Nov. 4. This comes amid intensifying U.S.-China rivalry and North Korea's nuclear advances.
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South Korea's national security adviser Wi Sung-lac said there is no information yet on a possible meeting between U.S. President Donald Trump and North Korean leader Kim Jong-un on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. He stated that South Korea will be prepared should the possibility arise. The remarks came after Trump expressed openness to meeting Kim during his visit to South Korea this week.
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