Lee Jae Myung Archives - Inspirepreneur Magazine

US to Aid South Korea in Building Nuclear Submarines

manjula@inspirepreneur.com.auNovember 16, 2025November 18, 202506 mins

The South Korean government announced that the United States will help South Korea build nuclear-powered strategic submarines at a shipyard in Philadelphia run by South Korean conglomerate Hanwha. According to the details, South Korea already possesses about 20 submarines. However, all of them are diesel-propelled. Till now, only six countries currently possess nuclear-powered strategic submarines. They include the US, China, Russia, the UK, France and India.

US, South Korea Unveil Trade Agreement Framework

manjula@inspirepreneur.com.auNovember 14, 2025November 18, 202504 mins

The US agreed on a 15 per cent tariff rate for South Korean imports of wood products and pharmaceuticals, while no tariffs would be charged on imports of South Korean aircraft parts and generic drugs. Also, the US made it clear that the tariff rate on semiconductors would be decided based on a future agreement covering a volume of semiconductor trade as large as South Korea’s. It means semiconductor tariffs would be at par with its key competitor, Taiwan. On the issue of addressing non-tariff barriers in South Korea’s agricultural and digital services sectors, including meat, both the US and South Korea agreed to work together.