U.S. President Donald Trump has reaffirmed his country's "steadfast" commitment to safeguarding the Korean Peninsula, underscoring the two countries' strong alliance in the face of "the evils of communism" in the region.

South Korea’s state-run energy companies, including Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power (KHNP), are drawing renewed attention as President Donald Trump pushes to revive the United States’ nuclear energy industry with an ambitious plan to quadruple national capacity to 400 gigawatts (GW) by 2050.

SEOUL (Reuters) -Three South Korean cabinet-level officials met U.S. Commerce Secretary Howard Lutnick in Washington in a push to close a trade deal, Seoul said on Wednesday, squaring off with a key U.

World stock markets have advanced after the European Union forged a trade deal with the Trump administration. U.S. futures and oil prices also were higher ahead.

U.S. President Donald Trump remains open to engagement with North Korean leader Kim Jong-un to achieve a "fully denuclearized" North Korea, a White House official said Friday, a day after his administration announced a raft of actions to disrupt Pyongyang's illicit revenue generation schemes.

South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms,

South Korea is trying to secure a mutual trade package with President Donald Trump before August 1, when U.S. tariffs on Korean exports are set to snap back to 25%. The presidential office in Seoul said on Saturday that officials are preparing a deal they hope both countries can agree on ahead of minister-level meetings

Trump’s demands for alliance modernization will likely lead to demands for increased defense spending and raise tensions with China