Business & Economics

U.S.–ROK Fact Sheet Green-Lights Seoul’s Nuclear-Powered Submarines in $350 Bn Deal

On 14 Nov 2025 Washington and Seoul issued a joint fact sheet that, for the first time, authorizes South Korea to build nuclear-powered attack submarines while tying the move to a $350 billion Korean investment package and a cut of U.S. tariffs to 15 percent.

By Tomás Rydell

Focusing Facts

  1. Fact sheet commits US$150 bn to U.S. shipyards and another US$200 bn to wider U.S. industries in exchange for tariff relief to 15 %.
  2. South Korea aims to field at least four 5,000-ton conventionally armed SSNs by the mid-2030s, according to Yonhap and defense minister Ahn Gyu-back.
  3. Chinese Ambassador Dai Bing formally objected on 14 Nov 2025, warning the cooperation undermines regional stability and the global non-proliferation regime.

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Perspectives in this article

  • South Korean government-aligned and Western mainstream outlets
  • Chinese diplomatic and state-linked voices quoted in Korean media
  • South Korean progressive policy critics
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