Washington: The top diplomats of South Korea and the United States have agreed to collaborate for successful outcomes from ongoing bilateral discussions about South Korea's investment projects in the U.S., announced the foreign ministry. The meeting took place in Washington on Friday between South Korean Foreign Minister Cho Hyun and U.S. Secretary of State Marco Rubio. According to Yonhap News Agency, the discussions are part of efforts to implement last year's bilateral trade deal, which includes a commitment from Seoul to invest US$350 billion in the United States. The two countries were expected to announce South Korea's first investment project on Friday (Korea time). However, the announcement has been postponed until next week following a delayed briefing to the National Assembly. "The minister and secretary agreed to make joint efforts to ensure that ongoing consultations related to strategic investment projects in the U.S. will yield good results, and to continue communication for the faithful imple mentation of both leaders' key agreements, including the Joint Fact Sheet (JFS)," the ministry stated. The Joint Fact Sheet was released in November to outline security, trade, and other agreements from last year's summits between South Korean President Lee Jae Myung and U.S. President Donald Trump. During their discussions, Foreign Minister Cho expressed South Korea's desire to meaningfully contribute to efforts to restore freedom of navigation through the Strait of Hormuz. He urged Secretary Rubio to maintain close communication on the matter. Additionally, the two diplomats reaffirmed their commitment to the bilateral alliance and agreed to continue efforts towards denuclearization and maintaining peace and stability on the Korean Peninsula through dialogue and diplomacy.