Joint Fact Sheet on President Donald J. Trump’s Meeting with President Lee Jae Myung
Fact sheetTrade dealPublished 25/11/13Open the original
Summary
President Trump and President Lee Jae Myung reaffirm the Korea Strategic Trade and Investment deal, which includes $150 billion of approved Korean investment in shipbuilding and $200 billion of additional investment under an MOU. The United States sets a 15 percent reciprocal tariff on Korean goods, cuts Section 232 tariffs on Korean autos, auto parts and wood products to 15 percent, and caps Korea's annual dollar funding at $20 billion.
By industry
- Korean Investment in the U.S.1 trading day+0.4%p15 stocks5 trading days−1.7%p15 stocks20 trading days+2.0%p15 stocks
“This deal also includes $200 billion of additional Korean investment committed pursuant to the Memorandum of Understanding”
- Shipbuilding & MASGA1 trading day−1.3%p15 stocks5 trading days−1.0%p15 stocks20 trading days−0.1%p15 stocks
“This deal includes $150 billion of Korean investment in the shipbuilding sector approved by the United States”
- Tariffs & Reshoring1 trading day−0.3%p15 stocks5 trading days−0.4%p15 stocks20 trading days+10.5%p15 stocks
“or a tariff rate of 15 percent on originating goods of the ROK”
Day by day after the announcement
| Day | Korean Investment in the U.S. stocks | S&P 500 |
|---|---|---|
| 25/11/12 | 0.0% | 0.0% |
| 25/11/13 | −1.2% | −1.5% |
| 25/11/14 | −1.4% | −1.5% |
| 25/11/17 | −3.5% | −2.5% |
| 25/11/18 | −4.0% | −3.4% |
| 25/11/19 | −4.1% | −2.4% |
| 25/11/20 | −6.0% | −4.5% |
| 25/11/21 | −4.2% | −3.4% |
| 25/11/24 | −3.0% | −2.0% |
| 25/11/25 | −1.6% | −1.1% |
| 25/11/26 | −0.4% | −0.4% |
| 25/11/28 | −0.1% | +0.0% |
| 25/12/01 | −0.6% | −0.4% |
| 25/12/02 | +1.1% | −0.2% |
| 25/12/03 | +2.1% | +0.1% |
| 25/12/04 | +1.9% | +0.2% |
| 25/12/05 | +2.5% | +0.4% |
| 25/12/08 | +2.5% | +0.2% |
| 25/12/09 | +2.3% | −0.0% |
| 25/12/10 | +3.5% | +0.6% |
| 25/12/11 | +3.0% | +1.0% |
Korean stocks in these industries
- Hyundai Motor Company 005380
- Samsung Electronics 005930
- SK hynix 000660
- LG Energy Solution 373220
- Hanwha Ocean 042660
- Korea Zinc 010130
- HD Hyundai Heavy Industries 329180
- HD Korea Shipbuilding & Offshore Engineering 009540
- Samsung Heavy Industries 010140
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- John L. Thornton
BuyFord Motor
BuyFord Motor
F
$99.2K
7,520 sh
$99.2K
Filed 25/11/18
Traded 25/11/14
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$272.3M
9,000,000 sh
$272.3M
Filed 25/11/13
Traded 25/11/10
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$99.5K
1,712 sh
$99.5K
Filed 25/10/21
Traded 25/10/20
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$60.9K
9,168 sh
$60.9K
Filed 25/11/12
Traded 25/11/07
- Ralph M. Della Ratta Jr.
BuySunCoke Energy
BuySunCoke Energy
SXC
$50K
7,288 sh
$50K
Filed 25/11/07
Traded 25/11/06
- Neil G. Mitchill Jr.
SellRTX
SellRTX
RTX
$873.5K
4,849 sh
$873.5K
Filed 25/10/28
Traded 25/10/24
- Christopher T. Calio
SellRTX
SellRTX
RTX
$858.3K
4,813 sh
$858.3K
Filed 25/10/29
Traded 25/10/27
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$13.5K
2,032 sh
$13.5K
Filed 25/11/12
Traded 25/11/07
- David W. Grzebinski
SellKirby
SellKirby
KEX
$3.2M
29,451 sh
$3.2M
Filed 25/11/24
Traded 25/11/21
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$5,304
800 sh
$5,304
Filed 25/11/12
Traded 25/11/07
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$587
10 sh
$587
Filed 25/10/21
Traded 25/10/20
- Frank A. St John
SellLockheed Martin
SellLockheed Martin
LMT
$2.3M
4,703 sh
$2.3M
Filed 25/10/27
Traded 25/10/23
- Gaurav Anand
Sell10b5-1 planCoupang
Sell10b5-1 planCoupang
CPNG
$2.2M
75,350 sh
$2.2M
Filed 25/11/12
Traded 25/11/10
- Frank A. St John
SellLockheed Martin
SellLockheed Martin
LMT
$1.5M
3,020 sh
$1.5M
Filed 25/10/27
Traded 25/10/23
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.1M
3,775 sh
$1.1M
Filed 25/12/02
Traded 25/12/01
- Mark L. Reuss
Sell10b5-1 planGeneral Motors
Sell10b5-1 planGeneral Motors
GM
$9.8M
147,570 sh
$9.8M
Filed 25/10/24
Traded 25/10/22
- Karla R. Lewis
SellReliance
SellReliance
RS
$577.4K
2,034 sh
$577.4K
Filed 25/12/02
Traded 25/12/01
- Mark L. Reuss
Sell10b5-1 planGeneral Motors
Sell10b5-1 planGeneral Motors
GM
$5.3M
80,000 sh
$5.3M
Filed 25/10/24
Traded 25/10/22
- Tracy A. Atkinson
SellRTX
SellRTX
RTX
$500.9K
2,800 sh
$500.9K
Filed 25/10/28
Traded 25/10/24
- Christopher D. Kastner
Sell10b5-1 planHuntington Ingalls Industries
Sell10b5-1 planHuntington Ingalls Industries
HII
$4.8M
15,000 sh
$4.8M
Filed 25/11/13
Traded 25/11/12