Trump says 'I love South Korea' after MOU on shipbuilding

U.S. President Donald Trump expressed affection for South Korea on Friday during a White House press availability, shortly after the two nations signed a memorandum of understanding to boost shipbuilding ties.

Trump made the comments in response to questions about his earlier social media post claiming that Iran had fired on a South Korean-operated cargo ship in the Strait of Hormuz. Tehran has denied the allegation.

The MOU forms part of last year's bilateral trade and investment agreement. Under the deal, Seoul has pledged to invest 150 billion dollars in the U.S. shipbuilding sector, contributing to a total commitment of 350 billion dollars with an annual cap of 20 billion dollars.

Trump had previously voiced displeasure over South Korea's reluctance to provide naval support for U.S. efforts to reopen the strait amid the conflict with Iran. Last month he described the country as not helpful despite the presence of U.S. troops near North Korea.

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South Korean and U.S. officials signing a shipbuilding cooperation agreement with shipyard in background.
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South Korea, US sign MOU to advance shipbuilding cooperation

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South Korea and the United States signed a memorandum of understanding on Friday to strengthen bilateral shipbuilding cooperation. The deal forms part of a trade agreement under which Seoul pledged $150 billion in U.S. shipbuilding investments.

Continuing his criticism of allies, U.S. President Donald Trump on April 1 at a White House Easter luncheon called South Korea 'not helpful' and urged it and others to secure the Strait of Hormuz, blocked by Iran amid its war with the U.S. and Israel. He noted U.S. troops 'in harm's way' near North Korea's nuclear arsenal.

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Finance Minister Koo Yun-cheol said Friday that the recent US-Iran memorandum of understanding aimed at ending their conflict presents both opportunities and challenges for South Korea.

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.

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President Lee Jae-myung held a summit with Indian Prime Minister Narendra Modi in New Delhi on April 20, agreeing to double bilateral trade to $50 billion by 2030 and cooperate on energy supply chains amid Middle East tensions. The leaders confirmed resuming CEPA upgrade talks and signing MoUs in shipbuilding, AI and other areas. A selfie taken by Samsung Chairman Lee Jae-yong with a Galaxy Z Flip7 during the event went viral.

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