Dhaka, Nov. 15 -- The United States and South Korea have released details of a trade agreement that includes a $150bn Korean investment in the US shipbuilding sector, and both countries agree to "move forward" on building nuclear-powered submarines.

Under the agreement, President Lee Jae Myung said on Friday that South Korea will build nuclear-powered submarines as part of a new partnership with Washington on shipbuilding, artificial intelligence and the nuclear industry.

A fact sheet released by the White House said the US gave approval for Seoul to build nuclear-powered submarines and that South Korea will invest an additional $200bn in US industrial sectors in addition to the $150bn in shipbuilding.

South Korea's official Yonhap new...