President Donald Trump and South Korean President Lee Jae Myung expressed optimism for close cooperation on North Korea, collective security and shipbuilding, though the US leader downplayed the chances for further concessions on Seoul’s tariff deal.

U.S. President Donald Trump and South Korean President Lee Jae Myung, meeting for first time, described admiration for each other, and pledged cooperation.

South Korea has long come under targeted criticism from Trump, who has called it a "money machine" that takes advantage of American military protection.