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South Korea boosts long-term stock investment and stabilizes the won amid U.S. trade deal talks.
South Korea is introducing incentives for long-term stock investors and working to stabilize its currency, the won, which weakened slightly to 1,464.8 per dollar.
Finance Minister Koo Yun-cheol announced plans to encourage small investors to hold stocks long-term, though no timeline was given.
The government is consulting with exporters and plans to meet pension fund officials.
A $350-billion U.S. trade deal includes taxpayer-funded investments to secure lower tariffs, with a new entity to manage funds and pursue U.S. projects.
Legislation is expected in parliament this month, and the government urges companies to lead in global value chains for emerging industries.
Corea del Sur aumenta la inversión en acciones a largo plazo y estabiliza el won en medio de las negociaciones de acuerdos comerciales con los Estados Unidos.