Seoul will invest $200 billion, or as much as $20 billion a year, and set aside another $150 billion to invest in its American shipbuilding operations, a South Korean official said.

South Korean analysts have welcomed the new trade and investment agreement with Washington, announced to coincide with President Donald Trump's visit.

Reluctance to do business in the U.S. after a massive Hyundai immigration raid could make it tougher for South Korea to fulfill its pledge of $350 billion in U.S. investments.

Trump said the country would build its nuclear-powered submarine in the Philly Shipyard, which was bought last year by South Korea’s Hanwha Group.

A preliminary tariff deal with President Trump called for a large investment in the United States, while China has warned Seoul not to side with Washington.

U.S. President Donald Trump’s statement that “South Korea will build a nuclear-powered submarine at a Philadelphia shipyard in the United States” has accelerated discussions about South Korea’s acquisition of nuclear-powered submarines.

GYEONGJU, South Korea (Reuters) -South Korea aims to deepen cooperation with the United States, stabilise supply chains with China, and diversify its trading partners to navigate global challenges, its top trade envoy said as the country hosts Asia-Pacific leaders for a trade forum.

Stephen Colbert has officially crowned Donald Trump the "Burger King. " During the Wednesday night, October 29, episode of The Late Show with Stephen Colbert, the famed comedian trolled the president of the United States following his visit to South Korea as part of his Asia tour.

Shares of carmakers soared, with Hyundai Motor climbing as much as 12% and Kia gaining as much as 9%, as progress in negotiations soothed fears about the duties facing Korea's auto exports to the U.S.