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South Korea’s New Trade Minister Accelerates U.S. Negotiations Ahead of Tariff Deadline

Yeo Han-koo has launched a high-level shuttle negotiation system to secure U.S. tariff relief before duties increase on July 8.

South Korea's new Trade Minister Yeo Han-koo (Yonhap)
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Overview

  • Yeo pledged to accelerate shuttle negotiations with U.S. trade officials to shield South Korean exporters from a planned 25 percent tariff rise.
  • The trade ministry expanded its task force into an all-out response system covering trade, industry and energy to coordinate strategy.
  • Working-level representatives will be elevated from director to first-class senior level to strengthen Korea’s bargaining position.
  • A third technical round is scheduled this month to address outstanding issues such as U.S. beef import curbs and high-precision mapping data regulations.
  • Veteran negotiator Kim Hyun-chong is expected to become special presidential adviser for foreign affairs and national security to support overarching trade talks.