The United States and South Korea have reported significant progress in discussions involving a proposed $350 billion investment package linked to their bilateral trade agreement. The development was discussed during a meeting between U.S. President Donald Trump and South Korean President Lee Jae Myung on the sidelines of the United Nations General Assembly, according to statements from South Korea’s presidential office.

The investment discussions cover strategic projects involving key industries, including manufacturing, energy, technology, and shipbuilding. South Korea has been working with U.S. officials to finalize the details of the investment commitments, while both sides continue discussions on the implementation framework.

South Korean officials said that further steps are being reviewed to ensure that proposed projects meet commercial requirements and support long-term economic cooperation between the two countries. One identified project under the investment package involves a proposed energy facility in Texas, while other possible investments remain under discussion.

The United States and South Korea continue to strengthen cooperation in trade and strategic industries as both governments work toward completing the remaining details of the agreement. The outcome of the discussions may influence future collaboration in sectors connected to global supply chains, including maritime-related industries and manufacturing.