Seoul, Nov. 14 -- South Korea and the United States on Friday signed an MOU confirming Seoul's USD 350 billion investment commitment, which was part of a deal to lower US tariffs, the South Korean industry ministry said.

According to the Ministry of Trade, Industry, and Resources, the agreement was signed electronically by South Korean Industry Minister Kim Jung-kwan and US Commerce Secretary Howard Lutnick.

This follows the October 29 deal, when South Korea's presidential chief of staff for policy, Kim Yong-beom, announced that Seoul and Washington had agreed on the remaining details of the trade framework after a bilateral meeting between President Lee Jae Myung and US President Donald Trump on the sidelines of the APEC summit in Gyeo...