Lee Jae MyungEvery podcast appearance, updated as new ones drop

Joint Fact Sheet on President Donald J. Trump’s Meeting with President Lee Jae Myung Reaffirm The Korea Strategic Trade and Investment deal (announced July), highlighting: Target sectors: shipbuilding, energy, semiconductors, pharmaceuticals, critical minerals, AI, quantum computing . Tariff framework : U.S. will remove supplemental tariffs under EO 14257 on: U.S. and ROK agree MOU commitments must not destabilize FX markets . ROK will not be required to fund more than $20 billion in U.S. dollars per year. ROK will strive to source USD outside of FX market purchases where possible. If commitments risk causing won instability , ROK can request adjustments to amount/timing; U.S. will consider such requests in good faith . ROK companies announced $150 billion in FDI in the U.S. during Trump’s term; both governments will facilitate . Korean Air : Launch of “Buy America in Seoul” : Commitments to be formalized by the KORUS Joint Committee by year-end: Autos ROK will eliminate the 50,000-unit cap on FMVSS-compliant U.S. vehicles entering without further modification. Reduce emissions certification paperwork to what’s filed with U.S. authorities (no extras). Food & Agriculture Work together to remove non-tariff barriers , ensure existing bilateral commitments are met. Streamline approvals for ag-biotech and resolve backlog of U.S. applications. Establish a U.S. Desk for U.S. horticultural products . Preserve market access for U.S. meats and cheeses using specific terms. Digital Trade & Data Ensure no discrimination or unnecessary barriers targeting U.S. digital services (e.g., network fees, platform rules). Facilitate cross-border data flows , incl. location, reinsurance, personal data. Support a permanent moratorium on customs duties for electronic transmissions at the WTO. Competition Policy ROK to improve procedural fairness , including recognition of attorney–client privilege in competition cases. Intellectual Property Joint work on IP protection ; ROK to continue steps to accede to the Patent Law Treaty . Labor Joint commitment to strong labor rights and to combat forced labor , including stopping imports of goods made with forced labor . Environment Ensure differences in environmental rules do not distort trade . ROK to effectively enforce environmental laws and fully implement the WTO Fisheries Subsidies Agreement . Deepen economic + national security alignment : U.S. reaffirms defense commitment through the enduring presence of U.S. Forces Korea (USFK) . Extended deterrence : ROK plans to raise defense spending to 3.5% of GDP “as soon as possible”; Trump welcomes this. ROK commitments: