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U.S. and South Korea near trade deal with $350B investment, differing on payment structure ahead of APEC.
South Korea and the U.S. are nearing a trade agreement ahead of the October APEC summit, with progress made on a $350 billion investment deal aimed at reducing tariffs.
While both sides agree on most terms, a key dispute remains over how South Korea will fulfill its investment commitment, with the U.S. seeking upfront cash and Seoul pushing for a mix of investments, loans, and guarantees, citing foreign exchange risks.
The U.S. has acknowledged concerns and is reviewing Seoul’s proposal, including a requested currency swap, as talks continue under a tight deadline.
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EE.UU. y Corea del Sur cerca de acuerdo comercial con $ 350B de inversión, que difieren en la estructura de pago antes de la APEC.