South Korea’s top economic, trade, and foreign affairs officials have converged on Washington, D.C., in a last-ditch effort to finalize a trade agreement with the United States before President Donald Trump’s August 1 deadline for imposing 25% reciprocal tariffs.

South Koreas top economic officials are in Washington seeking to finalize a trade agreement with the United States as a deadline looms for steep tariffs. Finance Minister Koo Yun-cheol joined Industry Minister

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.

The US and South Korea have discussed creating a fund to invest in American projects as part of a trade deal, similar to an agreement Japan struck Tuesday with President Donald Trump, people familiar with the matter said.

South Korean trade minister arrives in Washington, says his country will do all it can to reach a trade deal with the US

South Korea's Industry Minister Kim Jung-kwan and top trade envoy Yeo Han-koo will meet U.S. Commerce Secretary Howard Lutnick in Washington again on Friday in a bid to move closer to a deal on tariffs,

South Korea is seeking trade concessions, including on tariffs and non-trade barriers, in return for accepting the U.S. request to recalibrate the USFK’s strategic posture.

The package will include shipbuilding cooperation, said South Korea's presidential office. Read more at straitstimes.com. Read more at straitstimes.com.

Shares in Asia are mostly higher after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped.

In 2024, South Korea's exports of automobiles to the United States were valued at $34.7 billion, accounting for 49% of its total auto exports from companies such as Hyundai Motor and Kia.

A roundup of where things stand with tariffs on key U.S. trade partners and sectors.