South Korea, U.S. agree on trade, security deal, nuclear subs, Lee says

FILE PHOTO: South Korean President Lee Jae Myung gestures as he meets with U.S. President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in Gyeongju, South Korea, October 29, 2025. REUTERS/Evelyn Hockstein/File Photo

SEOUL (Reuters) -South Korean President Lee Jae Myung said on Friday South Korea and U.S. had finalised a joint fact sheet on agreements on trade and security issues after his summit with U.S. President Donald Trump last month.

South Korea will be building nuclear-powered submarines and will be forming a new partnership with the U.S. on shipbuilding, artificial intelligence and the nuclear industry, Lee told a televised briefing.

Lee met Trump in South Korea's Gyeongju last month and agreed to a deal that will cut U.S. import duties on South Korean products to 15% from the earlier 25%.

(Reporting by Jack KimEditing by Ed Davies)