Washington: The United States and South Korea have signed 11 memorandums of understanding (MOUs) for bilateral cooperation in a wide array of key industrial sectors ranging from shipbuilding, nuclear energy, and aviation to liquefied natural gas (LNG) and critical minerals.

According to Qatar News Agency, the MOUs were signed during a US-South Korea business roundtable in Washington on Monday, following South Korean President Lee Jae Myung's first summit with US President Donald Trump. The agreements aim to bolster collaboration and enhance industrial ties between the two nations.

"The Korean government will provide all necessary institutional support to usher in a renaissance of Korea-US manufacturing cooperation, and we will strive to create boundless business opportunities for companies of both nations," Korean Industry Minister Kim Jung-kwan stated in a press release. These agreements underline a commitment to fostering economic growth and technological advancement in crucial sectors.