The United States has recently pressed South Korea to take action on the existing trade imbalance between the two countries. This demand was a key point of discussion during trade talks held in Washington in May 2025. The U.S. delegation emphasized the trade imbalance, particularly concerning commodities, and both nations recognized the urgency of addressing the issue.
In May 2025, technical trade consultations took place in Washington, focusing on non-tariff measures, economic security, and digital trade. These discussions are expected to continue, especially as South Korea transitions to a new government following the presidential election on June 3, 2025, triggered by the impeachment of former President Yoon Suk Yeol.
South Korea's trade surplus with the U.S. reached $55.6 billion in 2024, marking a 25% increase from 2023. The U.S. has voiced concerns about this surplus, advocating for changes in commodity trade practices and the removal of non-tariff barriers. The ongoing trade talks are anticipated to extend into the tenure of South Korea's next administration.