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U.S. President Donald Trump on Wednesday met with South Korean President Lee Jae Myung in the city of Gyeongju – the final stop on his Asia tour aimed at securing new investment deals.

"The Republic of Korea is a cherished American friend and a close ally. And as we can see in this beautiful city, it's truly one of the most remarkable nations anywhere on earth," Trump said ahead of the meeting at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, adding that South Korea's president "is a terrific person."

During their bilateral meeting, Lee asked Trump to consider allowing South Korea to access fuel for conventionally armed, nuclear-powered submarines – a long-standing restriction under a U.S. nonproliferation deal.

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