The United States and South Korea are on the verge of finalizing a $350 billion trade agreement, expected to be completed within the next 10 days. The deal is being spearheaded by U.S. Treasury Secretary Scott Bessent and South Korean Finance Minister Koo Yoon-cheol. This significant trade pact could impact global financial markets, including the cryptocurrency sector, by altering capital flows and influencing macroeconomic sentiment.
The agreement, which has been highlighted by Donald Trump, includes credit guarantees from South Korea and direct investment requirements from the U.S. These elements may affect investment patterns and contribute to market volatility, particularly in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
U.S.-South Korea $350 Billion Trade Deal Nears Completion
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