Execution challenge: The logo of South Korea’s biggest automaker Hyundai Motor is pictured at Pyeongtaek port. Down from 25% to 15%, the new tariff figure brings the country’s carmakers on par with Japanese and European rivals. — Reuters
SEOUL: After months of negotiations, South Korea and the United States have released their long-delayed joint fact sheet, detailing trade and security agreements and alleviating some uncertainties about tariffs that had weighed on the export-dependent country.
The document, released by the White House, put into writing guidelines that the two countries broadly agreed upon in July and finalised during the Oct 29 summit between South Korean President Lee Jae Myung and US President Donald Trump.
