South Korea, US sign MOU on $350 billion strategic investment, Seoul says

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

SEOUL (Reuters) -South Korea and the United States signed a memorandum of understanding to realise $350 billion in strategic investments in various industries in the U.S., South Korea's Industry Minister Kim Jung-kwan said at a briefing on Friday.

The two countries will complete the selection of investment plans by January 2029, Kim said.

(Reporting by Heejin KimEditing by Ed Davies)