South Korea and the United States agreed to craft a trade package aimed at removing new U.S. tariffs before the pause on reciprocal tariffs is lifted in July, Seoul's delegation in Washington said after a first round of trade talks.

US Treasury chief Scott Bessent says talks are ‘moving faster than I thought’, and technical terms could be discussed as early as next week.

When a South Korean delegation meets U.S. counterparts in Washington on Thursday for trade talks, they face a wide range of potential agenda items. U.S. President Donald Trump has said he wants to hold "one-stop shopping" negotiations and has mentioned the trade balance,