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).

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

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.

Japan and South Korea have until Aug. 1 to agree new trade terms with the U.S., or face 25% “reciprocal” tariffs. The two Asian countries share vulnerabilities that put them in President Trump’s crosshairs,

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.