The U.S. has requested South Korea to submit investment projects exceeding $350 billion, surpassing the previously agreed-upon limit. South Korea is now seeking to reduce the agreement amount back to the original ceiling.
According to Yonhap News, the United States has demanded investment exceeding the $350 billion cap stipulated in last year's bilateral trade agreement during trade negotiations with South Korea. South Korea is currently in the final stages of negotiations with the U.S. to bring the actual investment commitment back within the previously agreed-upon amount. The South Korean government plans to brief the National Assembly on the progress of these negotiations on September 17, and a memorandum of understanding could be signed as early as the following day.
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Source:华尔街见闻 · Source Link
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