Bessent says Seoul presented 'very good' proposals in trade talks before election

Washington has reacted positively to proposals put forward by Seoul during bilateral trade talks before South Korea's presidential election.

According to U.S. Treasury Secretary Scott Bessent on Tuesday during a Saudi-U.S. Investment Forum in Riyadh, Seoul came with "very good" proposals despite going into the process of a change of government.

However, he did not elaborate what the proposals were.

South Korean officials say the two sides discussed ideas for economic and industrial cooperation, especially in the shipbuilding industry.