South Korea, US seek to resolve outstanding issues over investment plan
Seoul, Aug. 17 -- South Korea and the United States must address unresolved matters concerning a USD 200 billion investment initiative established during their bilateral tariff discussions, South Korean Industry Minister Kim Jung-kwan stated.
Kim Jung-kwan shared these remarks upon landing in Dallas, Texas, on Sunday (local time) as Seoul navigates ongoing tariff demands from Washington alongside several pending bilateral trade disputes, Yonhap news agency reported.
Under a trade agreement reached last year, South Korea committed to investing USD 350 billion in the US, a move that reduced the US tariff on South Korean goods from 25 per cent to 15 per cent.
From the total USD 350 billion, USD 150 billion was designated for joint efforts...
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