The U.S. wants South Korea to join efforts to counter China's growth in shipbuilding via potential cooperation in the sector, a senior official from Seoul's trade ministry said on Friday.

SEOUL] South Korea’s top trade official said negotiations with the US on tariffs have entered a critical phase, after wrapping up meetings in Washington and returning to Seoul late Thursday (Jul 10).

Trump said on Tuesday that South Korea should be paying for its own military protection, suggesting the US ally needed to pay more for the US troop presence there, a day after the tariff announcement.

South Korea's central bank held interest rates steady on Thursday but a majority of board members signalled another rate cut in the next three months and warned of "significant" economic uncertainty from U.

National Security Adviser Wi Sung-lac said Wednesday that South Korea has proposed a "package deal" encompassing economic and security considerations in bilateral tariff negotiations, while also suggesting an early summit between President Lee Jae Myung and U.