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The U.S. says South Korea isn’t manipulating its currency, avoiding trade actions and supporting stable trade ties.
The U.S. has determined South Korea is not manipulating its currency, ending previous concerns and avoiding a formal designation that could have triggered trade actions.
The Treasury Department's assessment, based on a review of exchange practices, found no evidence of deliberate undervaluation for trade advantage.
South Korea welcomed the decision as recognition of its responsible economic policies and market-based currency management.
The outcome supports stable bilateral trade relations amid ongoing talks about a potential currency swap tied to a $350 billion investment pledge.
U.S. officials said they would continue consultations, while South Korea emphasized the need for safeguards to prevent economic risks.
The decision comes as the White House confirmed a 15% cap on tariffs for Japanese pharmaceuticals and G7 ministers discussed sanctions on Russia supporters.
EE.UU. dice que Corea del Sur no está manipulando su moneda, evitando acciones comerciales y apoyando lazos comerciales estables.