The United States and South Korea have released details of a trade agreement that includes a $150bn Korean investment in the US shipbuilding sector, and both countries agree to move forward on building nuclear-powered submarines. Under the agreement, President Lee Jae Myung said on Friday that South Korea will build nuclear-powered submarines as part of a new partnership with Washington on shipbuilding, artificial intelligence and the nuclear industry.
Yes, showing the flag and having the President interact with counterparts is an important part of diplomacy, at the highest level. It has impact because it shows that the U.S. cares about allies and partners, that the U.S. values this relationship and will be there for allies and partners, regardless of the cost. So, Mr. Trump's visit to the region was more than tariffs and trade. It was about relationships that principally deal with national security,
President Lee Jae Myung stressed to Trump in their Wednesday meeting that the goal was to modernize the alliance with the U.S., noting plans to increase military spending to reduce the financial burden on America. The South Korean leader said there might have been a misunderstanding when they last spoke in August about nuclear-powered submarines, saying that his government was looking for nuclear fuel rather than weapons.