The U.S. and South Korea have announced a series of significant investments across various sectors in recent days, and these agreements, timed with ROK President Yoon Suk-yeol’s state visit to Washington, have underscored efforts to bolster economic ties at the same time as the allies seek to reinforce their security relationship.

Notably, the deals will see South Korea’s presence in the U.S. electric vehicle (EV) battery market continue to grow.