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flag U.S. and South Korea agree on defense spending and nuclear rights ahead of APEC, with trade and summit talks ongoing.

flag South Korea and the U.S. have reached a preliminary security agreement, including increased South Korean defense spending and expanded nuclear fuel processing rights, ahead of the late-October APEC summit. flag The U.S. is reviewing a South Korean request for a currency swap deal, a key trade demand, though optimism is limited. flag While tariffs on South Korean imports may be reduced in exchange for a $350 billion investment pledge, details remain unresolved. flag South Korea plans an 8.2% defense budget increase, and a potential Trump-Kim summit during APEC is not ruled out.

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