Skip to content
October 13, 2025Cryptopolitan logoCryptopolitan

South Korea, U.S. remain locked in discussions to establish bilateral FX swap line

Koo Yun-cheol, Deputy Prime Minister of South Korea, said at a parliamentary session on Monday that South Korea and the ￰0￱ are engaging in discussions on various ways to establish a bilateral foreign exchange swap ￰1￱ setup is part of a trade deal aimed at addressing concerns about how proposed ￰2￱ could skew the local currency ￰3￱ Yun-cheol commented on the establishment of a bilateral foreign exchange swap line in response to a ￰4￱ lawmaker had inquired whether requesting a conditional swap line was necessary rather than an unlimited swap ￰5￱ Korea reviews ￰6￱ to reshape $350 billion investment deal Cho Hyun, Minister of Foreign Affairs of the Republic of Korea, said on Monday during a parliamentary audit of his ministry that South Korea is reviewing an alternative proposal presented by the United ￰7￱ plan outlines how Seoul would finance the $350 billion investment package reached as part of tariff negotiations with ￰8￱ Donald Trump had earlier said that Seoul officials countered that the investment pledge was meant to finance projects rather than a cash ￰9￱ added that Seoul officials have urged the inclusion of conditions in the agreement, such as a currency ￰10￱ emphasized that the investment package would be made “upfront.” “If (we should put) all of $350 billion into direct investments in the U.

S., this could cause a problem in the foreign exchange (market) and have serious repercussions on the economy.” – Cho Hyun , Minister of Foreign Affairs of the Republic of ￰11￱ added, “So we explained all of the (potential) problems to the U. S. side, and they have come up with a new alternative solution.” Hyun’s comments coincided with Seoul and Washington’s efforts to resolve their disagreements over the specifics of the investment ￰12￱ to Hyun, the goal is to finalize a framework agreement in July that calls for a reduction in ￰13￱ on South Korean goods from 25% to 15%. The Minister of Foreign Affairs reaffirmed on Monday that South Korea cannot make direct cash investments in ￰14￱ noted that the ￰15￱ initially included loans and guarantees in the investment ￰16￱ to Hyun, South Korea has also delivered to the United ￰17￱ claimed that South Korea’s “strong” will to modernize the alliance with Washington shows Seoul’s readiness to enhance its defense ￰18￱ said that in Washington’s move to provide extended deterrence, the ￰19￱ has pledged to reconfirm the unwavering security commitment and strengthen bilateral ￰20￱ South Korea seek to strengthen alliance According to the Korea Times, the ￰21￱ Donald Trump’s administration aims to “modernize” the long-standing alliance with Seoul, with the goal of better deterring Chinese threats by allowing ￰22￱ and assets stationed in South Korea to be deployed for operations outside the Korean ￰23￱ Foreign Minister Park Yoon-Joo held talks with his U.

S. counterpart, Allison Hooker, the ￰24￱ Secretary of State for Political Affairs on Friday, on the modernization of the bilateral ￰25￱ alliance focused on stronger economic cooperation and addressing South Korea’s nuclear ￰26￱ ￰27￱ in Seoul reported that the two sides reaffirmed the need to strengthen trilateral cooperation with ￰28￱ and Yoon-Joo discussed the significance of modernizing the bilateral alliance and bolstering economic cooperation in sectors such as ￰29￱ two also discussed energy, critical and emerging technologies, and critical mineral supply ￰30￱ referred to the Seoul-Washington alliance as “the linchpin of peace, security, and prosperity on the South Korean Peninsula and across the Indo-Pacific.” Yoon-Joo and Hooker’s meeting took place in advance of the APEC summit, which is set to take place in Gyeongju, a city in South Korea, from October 31 to November ￰31￱ your project in front of crypto’s top minds?

Feature it in our next industry report, where data meets impact.

Cryptopolitan logo
Cryptopolitan

Latest news and analysis from Cryptopolitan

Collaboration across Bybit, DigiFT and UBS uMINT expands Collateral Solution for Institutions

Collaboration across Bybit, DigiFT and UBS uMINT expands Collateral Solution for Institutions

DUBAI, UAE, Oct. 13, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, announced a strategic collaboration with DigiFT to support UBS’s USD Money Market...

CryptoIntelligence logoCryptoIntelligence
1 min
Fartcoin rebounds 25% as whales reload – $0.7 target within reach?

Fartcoin rebounds 25% as whales reload – $0.7 target within reach?

Fartcoin jumped back, hiking 25% to $0.45, amid rising demand across the market....

AMB Crypto logoAMB Crypto
1 min
Bitcoin to $1M? Why Gemini’s Winklevoss twins call it ‘gold 2.0’

Bitcoin to $1M? Why Gemini’s Winklevoss twins call it ‘gold 2.0’

The Winklevoss twins’ bold $1-million-Bitcoin forecast has excited crypto investors and global markets, reinforcing Bitcoin’s status as gold 2.0....

Cointelegraph logoCointelegraph
1 min