South Korea’s President Lee Jae Myung urged swift progress with the US on consultations for South Korea’s first nuclear-powered submarine plan, after Trump ordered curbs on joint military drills with the ally over perceived lack of support for his Iran-related war. The development signals increased defense-policy uncertainty and potential near-term disruption to alliance training schedules, which can raise geopolitical risk premia.
South Korea’s President Lee Jae Myung urged swift progress with the US on consultations for South Korea’s first nuclear-powered submarine plan, after Trump ordered curbs on joint military drills with the ally over perceived lack of support for his Iran-related war. The development signals increased defense-policy uncertainty and potential near-term disruption to alliance training schedules, which can raise geopolitical risk premia.
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