Korea’s Minister for Trade Yeo Han-koo is making his first trip to Washington D.C. (starting June 22) since taking office to engage in ministerial-level Korea-U.S. consultations with key U.S. officials including U.S. Trade Representative Jamieson Greer and Secretary of Commerce Howard Lutnick for discussions on U.S. tariff measures and mutually beneficial solutions.

Moreover, Trade Minister Yeo will be conveying Korea’s stance on U.S. tariff measures to U.S. lawmakers while also requesting the U.S. Congress’ support in facilitating a stable and predictable environment for Korean businesses investing in the U.S. with regard to the “One Big Beautiful Bill Act,” which contains amendments to tax credits under the Inflation Reduction Act of 2022 (IRA).

Trade Minister Yeo stated that he will give full measure to gain mutually beneficial outcomes through in-depth consultations between the two countries. In view of the two sides’ close economic and industrial integration, the trade minister highlighted that he seeks to expand the friendly foothold in the U.S. for Korean businesses on the occasion of this visit to support Korean companies’ business activities.

Meanwhile, Korea’s Deputy Minister for International Trade and Investment Park Jung-sung is accompanying the trade minister to Washington D.C. to lead Korea’s recently launched task force (TF) on Korea-U.S. trade negotiations in the third round of technical discussions with U.S. Trade Representative Greer from June 24–26. In this round, the TF and relevant ministries will aim to reach mutually acceptable solutions on both sides’ issues of interest.