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News Briefing
Korea and US discuss IPEF
May 2022
Korea and the US discussed the Indo-Pacific Economic Framework (IPEF) on March 31, which is the new US-led economic framework in the Indo-Pacific region. This is the sixth round of talks since the US announced the IPEF plan on October 2021.

According to a wide range of experts in the trade, industry and energy sectors in Korea, the IPEF is projected to create a framework of standards and cooperation for the new trade agenda which covers the real economy such as supply chain, digital and clean energy.

Under the new framework, it is expected that Korea and the US will build a stronger partnership based on their economic ties that the two countries have developed over the last decade through the Korea-US FTA. The two countries will continue to discuss ways to cooperate regarding the IPEF.