U.S. says 'much work to do' on U.S.-South Korean trade talks

"We have much work to do to reach an agreement that serves the economic interests of the American people," Lighthizer said in a statement. "Our goals are clear: we must achieve fair and reciprocal trade between our two nations. We will move forward as expeditiously as possible to achieve this goal.”

The statement said that "both sides agreed to follow-up to discuss timing for the next meeting in the very near term."

(Reporting by Eric Beech; Editing by Mohammad Zargham)