South Korea Seeks US Trade Deal Amid China-Free Supply Chain Shift

South Korea, under President Lee Jae Myung, is actively pursuing strengthened economic ties with the United States, focusing on creating 'China-free' supply chains in key sectors such as shipbuilding, energy, critical minerals, AI, semiconductors, and mobility. This strategic shift aims to reduce dependence on China amid ongoing US-China trade tensions and tariffs, with South Korean businesses like Korea Zinc investing in alternative supply chains to support these goals. Although a planned meeting between Presidents Lee and Trump at the G7 summit was canceled, discussions are expected at the upcoming NATO summit, emphasizing the urgency to finalize a trade agreement before a July deadline. South Korea's Trade Minister Yeo Han-koo highlighted the formation of a task force to prepare a comprehensive negotiation package, aiming to benefit both nations and counterbalance global tariff challenges exacerbated by geopolitical tensions. The Korean business community, led by figures such as SK Group Chairman Chey Tae-won, is actively collaborating with the government to navigate the evolving economic landscape and align with U.S. objectives. These efforts underscore Seoul's commitment to securing a robust trade deal with the U.S. to enhance economic security and competitiveness in the face of global uncertainties.