Archive · 24 Sep 2025
Boeing Korea Seeks Aerospace Carve-Out in US-South Korea Trade Deal
Boeing's boss in South Korea, Will Shaffer, is hoping that the new trade deal between the US and South Korea will keep airplanes and airplane parts free from tariffs, meaning no extra taxes.
He wants this because it helps Boeing support its customers around the world and get parts from suppliers.
Shaffer points out that other places, like Japan and Europe, have already done this.
Boeing invested a lot of money in South Korea last year, and hopes to invest even more soon, including the recent order of 103 Boeing aircraft by Korean Air, for a total of $36.2 billion.
Boeing has been working with South Korea for a long time and wants to continue those partnerships despite any challenges.
Boeing Korea President Will Shaffer hopes for aerospace products to be exempt from tariffs in the US-South Korea trade deal.
Shaffer cited that both Japan and Europe have created tariff-free aerospace provisions.
Maintaining tariff-free trade is critical for Boeing to support its global supply chain.
Boeing invested $325 million in South Korea last year.
Korean Air announced plans to purchase 103 Boeing aircraft worth $36.2 billion.
- Who
- Will Shaffer, Boeing Korea President
- What
- Hopes for an aerospace carve-out provision in the US-South Korea trade deal to keep aerospace products tariff-free.
- When
- As of the report, language for the trade deal is still being solidified.
- Where
- Seoul, South Korea
- Why
- To support customers, sustain global supply chains, and maintain strong partnerships with Korean suppliers and customers.
- Company
- Boeing
- Location
- Seoul, South Korea
- Executive
- Will Shaffer, Boeing Korea President
- Issue
- Aerospace tariff exemption in US-South Korea trade deal
- Investment in South Korea (2023)
- $325 million
- Korean Air Order
- 103 Boeing aircraft worth $36.2 billion