South Korea open to $350 billion investment in non-binding US deal

South Korea plans to set out a non-binding framework with the United States to spell out how to run and structure the $350 billion in investment pledged under a July trade agreement, a senior official said on ￰0￱ and Washington in July struck a trade accord that lowers United States tariffs in return for South Korea pledging investments, but both sides have differed on parts of the deal, such as the distribution of ￰1￱ Yong-beom, presidential policy adviser, stated that the governments are close to a broad ￰2￱ said the United States wants to conclude an MOU soon to set the structure and oversight for the investment ￰3￱ financial package would back strategic industries, he said, citing key minerals, batteries, semiconductors, artificial intelligence, pharmaceuticals, and quantum ￰4￱ also repeated that up to $150 billion is allocated for ￰5￱ Korea pushes back on U.

S. profit-sharing demands Seoul plans to launch a task force to draft detailed implementation steps, headed by the finance ministry funded by state banks, Kim ￰6￱ officials have pushed back on Lutnick’s earlier suggestion that the United States would take 90% of ￰7￱ also say equity stakes would be small, with loans and guarantees making up most of the ￰8￱ said in July that South Korea would finance projects “owned and controlled by the United States” and selected by ￰9￱ officials say a safety structure will curb financing risk, including United States pledges to purchase project output and to invest only in commercially viable ￰10￱ Korea’s new president, Lee Jae Myung, has faced a test during his meeting with Trump for their first summit, as the allies try to manage ￰11￱ Korea’s economy depends on the United States, which provides military forces and nuclear ￰12￱ aims to keep cooperation with Washington while avoiding a rift with China, South Korea’s biggest trading ￰13￱ he left for the United States, Lee sent a delegation to Beijing with a message to normalize ties after years of ￰14￱ Korea seeks stability in talks with Trump Trump has criticized South Korea, describing it as a “money machine” that profits from ￰15￱ ￰16￱ say South Korea’s Lee wants to try to make a positive impression, build a connection with Trump and avoid ￰17￱ pressure from the Trump administration, South Korean negotiators reached a last-minute agreement last month that averted the toughest of the new United States tariffs.

“There are many major topics in the security field,” Kim Yong-beom, Lee’s top policy aide, announced last week. “Our position is that trade was already finalized last ￰18￱ hope that specific implementation plans for trade won’t be included in the summit at all, or at least should be kept simple if discussed.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites