HUD signs agreement with South Korean housing finance agency

The MOU comes amid tariffs that President Donald Trump recently imposed on South Korean goods, including 25% on vehicles and 25% on steel and aluminum imports. South Korea is negotiating with the U.S. to seek exemptions or lower tariffs. 

“This partnership reflects HUD’s unwavering commitment to expanding strong, affordable housing opportunities for the American people,” HUD Secretary Scott Turner said in prepared remarks. 

“Working strategically with our South Korean allies, we are expanding the global understanding of American housing finance, while increasing capital flows in the United States, strengthening our domestic capital markets, and unlocking strategies to benefit American borrowers. This agreement signals that, under President Trump’s leadership, our…