Now In Korea
Experts Advocate Patience in South Korea-US Tariff NegotiationsCreatrip Team
2 months ago
Amid stalled tariff negotiations between South Korea and the U.S., experts suggest patience rather than hastily agreeing to a $350 billion investment demand by the U.S. Such a rapid commitment without safeguards could lead to an economic crisis. South Korea and the U.S. have differing views on whether this investment should be direct or include loans and guarantees. Experts recommend seeking broader agreements during the upcoming APEC summit, ensuring the least economic damage while supporting affected South Korean industries. Additionally, there's a call for capital call arrangements to mitigate the financial impact.
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