South Korea's Industry Minister has stated that negotiations with the United States over tariffs are currently in a critical phase. The minister pledged to make every effort to successfully conclude these talks and work towards a smooth trade agreement with the U.S. Additionally, South Korea's Finance Minister Koo is scheduled to hold trade discussions with U.S. officials on July 25. Foreign and Industry Ministers from South Korea are also expected to meet with their U.S. counterparts at the earliest possible date to further advance the negotiations.