President Donald Trump welcomed “significant progress” in discussions on strategic investment projects during a 30-minute meeting on the sidelines of the U.N. General Assembly, Seoul’s presidential office said on Wednesday. The meeting came after South Korea’s Industry Ministry briefed lawmakers on Tuesday on implementation plans under the countries’ $350 billion investment package, including a Texas gas-fired power project identified as a potential first investment, as well as possible investments in nuclear energy and an Alaska LNG project.
Based on the Joint Fact Sheet issued after their summit last November, Lee and Trump also agreed to deepen cooperation and continue discussions on issues including nuclear fuel enrichment and reprocessing, nuclear-powered submarines, shipbuilding and the transfer of wartime operational control (OPCON) from the U.S. to South Korea, Wi said. Trump also reaffirmed his willingness to engage in dialogue with North Korea, Wi said, with the two leaders agreeing to remain in close communication in pursuit of a peace process. Lee also said the U.S.-China summit scheduled for Thursday would be important for regional developments, including South Korea-China relations, and expressed hope for a successful meeting, according to Wi.
The White House did not immediately comment on the Trump-Lee meeting. Secretary of State Marco Rubio on Friday called for the swift execution of South Korean investment commitments during a meeting with South Korean Foreign Minister Cho Hyun, the State Department said. Earlier on Wednesday, Lee told the U.N.
General Assembly that Seoul would support efforts to revive dialogue with North Korea and work toward a durable peace framework while seeking broader international backing for those efforts. A senior presidential official separately told South Korean media outlets that Lee had told Trump he hoped the U.S. president would help advance engagement with North Korea, to which Trump replied that he would do so. The official said Trump also remarked that he maintained a good relationship with North Korean leader Kim Jong Un, though there was no indication of any specific contact currently taking place, the media reports said.
The official said Lee and Trump also spent considerable time discussing OPCON transfer, with Trump gaining a better understanding of Seoul’s position. The U.S. side stressed the need to meet the required conditions and complete the process as soon as possible, the reports said. The South Korean side outlined plans to increase defense spending, while expressing a desire to accelerate talks on Seoul’s plans to develop nuclear-powered submarines, the official said.
The two sides agreed to hold follow-up consultations on the various issues in Washington as soon as possible, the reports said. The official was also quoted as saying that progress in talks on South Korean investments in U.S. projects helped pave the way for the summit, which had not initially been expected to take place. The two leaders had been briefed on the negotiations and welcomed the progress, but discussions were still underway on the details of the package and how it would be announced, the official said.
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