South Korea's new finance minister and the country's top trade envoy will meet in Washington with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday.

Shares in South Korean automakers rallied on Wednesday after U.S. President Donald Trump said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on Japanese exports to the United States.