Seoul: The United States and South Korea have released full details of a wide ranging trade and security agreement that includes major Korean investments in the American shipbuilding industry and expanded defence cooperation. The announcement follows talks between South Korean President Lee Jae Myung and US President Donald J. Trump.

According to the joint fact sheet, South Korea will invest about 350 billion dollars in the United States over the coming years. This includes 150 billion dollars dedicated to strengthening the US shipbuilding sector, while another 200 billion dollars will be directed to various industrial projects. The investment will be spread out gradually with a yearly limit of around 20 billion dollars to avoid financial market disruptions.

The agreement also includ

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