Seoul: South Korea and the United States are expected to complete a memorandum of understanding (MOU) and a joint fact sheet this week concerning their recently finalized trade negotiations and security agreements, as revealed by a senior presidential official. These developments are part of ongoing efforts to solidify the agreements reached during summit talks between South Korean President Lee Jae Myung and U.S. President Donald Trump.

According to Yonhap News Agency, the two nations finalized an agreement last week detailing Seoul's US$350 billion pledge in exchange for lower U.S. tariffs. This agreement is a result of extensive discussions and is now in the final stages of coordination before the joint documents are released. Kang Hoon-sik, the presidential chief of staff, noted that the fact sheet is expected to be completed this week, as there are no significant discrepancies between the two countries.

When questioned about the outcomes of the tariff negotiations, which include a $200 billion cash investment from the $350 billion pledge with an annual limit of $20 billion, Kang stated, "We are not satisfied." He also mentioned that President Lee has not provided a positive evaluation of the results.

Kang also addressed the U.S. approval for South Korea to produce nuclear fuel for a nuclear-powered submarine, stating this was achieved through diplomatic efforts to persuade both the U.S. and China amid North Korea's advancing nuclear capabilities. "It came as a result of convincing China and the U.S. that we needed to be better prepared and equipped after North Korea announced its development of a nuclear-powered submarine," he explained, opting not to disclose the specifics of the diplomatic discussions.

In March, North Korea's state media reported that leader Kim Jong-un inspected a project to build a nuclear-powered submarine, marking the first time Pyongyang publicly revealed such an endeavor.