The $350 billion investment deal between the US and South Korea is facing potential collapse due to a disagreement over annual cash commitments. South Korea is pushing for $15 billion annually, while the US insists on $25 billion, resulting in a $10 billion gap. This impasse threatens to delay tariff reductions on Korean exports ahead of the October 29 APEC summit. South Korea’s Industry Minister Kim Jung-kwan described the situation as 'sharp,' and the Bank of Korea cautioned that commitments exceeding $20 billion per year could destabilize the won.
US-South Korea $350B Investment Deal Stalls Over Cash Commitment Dispute
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