South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation in Washington said after a first round of trade talks.

US Treasury chief Scott Bessent says talks are ‘moving faster than I thought’, and technical terms could be discussed as early as next week.

Fitch Ratings is expected to maintain its stable outlook on South Korea despite growing uncertainties, with fiscal discipline emerging as a key concern over the medium term, the agency’s sovereign analyst said Friday.