
South Korea’s trade chief heads to US from Jun 22 as Trump tariffs cast long shadow
South Korea's Trade Minister Yeo Han-koo will visit the United States from Jun 22 to Jun 27, the trade ministry said on Saturday (Jun 21), amid intensifying concerns over the impact of US tariffs.
The visit will include discussions with US Trade Representative Jamieson Greer and the third round of bilateral technical discussions, a ministry official told Reuters. Further details about the meetings were not disclosed.
The two countries began trade talks in April, with Seoul seeking a path to slash the stiff tariffs US President Donald Trump is angling to impose.
South Korea is currently facing a 10 per cent blanket tariff and a 25 per cent country-specific duty temporarily paused for 90 days. It agreed with the US during initial trade negotiations in April to craft a trade deal reducing tariffs by Jul 8.
However, political uncertainty triggered by leadership upheavals had stalled progress.
"Since a South Korea-US summit has yet to take place and key ministers have not been appointed under the new administration, negotiations are likely to focus on areas that the trade ministry can manage - excluding major issues such as defence cost-sharing and exchange rates," Heo Yoon, an economics professor at Sogang University, said.
"Given these circumstances, reaching a comprehensive agreement on key negotiation frameworks and agendas is expected to be challenging."
The announcement of Yeo's trip to Washington comes days after South Korea launched a task force on negotiations with the US. It comprises industry ministry officials overseeing trade, manufacturing, energy and investment.
According to the Industry Ministry, it will deal with tariff and non-tariff matters across industry and the energy sector, while also coordinating with the private sector.
Yeo, who heads the task force, said the team has a major responsibility as "businesses and the public have experienced great difficulties due to US tariff measures".
Asia's fourth-largest economy unexpectedly contracted in the first quarter amid Trump's sweeping tariffs and domestic political unrest following former President Yoon Suk Yeol's martial law decree in December.