Negotiations between South Korea and the U.S. to finalize a trade deal have hit a roadblock, with disagreements over a $350 billion investment fund delaying progress, according to South Korea's presidential office. Talks have been paused for weeks, though both sides remain engaged in discussions to resolve differences.
President Lee Jae-myung emphasized the need to protect South Korean businesses from potential losses, stating that while a swift agreement is desirable, national interests cannot be compromised. "We cannot do everything the U.S. wants," a senior official noted, underscoring Seoul's cautious approach.
Trade envoy Yeo Han-koo, currently in Washington, described negotiations as "active" but acknowledged challenges in finalizing technical details. "The devil is in the details," he told reporters, referencing unresolved tariff terms and investment safeguards.
The stalled deal—initially agreed upon in July—has drawn attention from global investors and Asian trade analysts, as it could reshape supply chain dynamics and market access in key sectors like semiconductors and renewable energy.
