SEOUL — South Korea will hold further talks with the United States early this week to finalise details of Seoul’s proposed $350 billion investment commitment to the U.S., Industry Minister Kim Jung-kwan said Sunday, Reuters reported.
Speaking after returning from the United States, Kim said a $200 billion ceiling for strategic investments — part of the broader $350 billion package — including a $20 billion annual cap, had already been agreed and would not change.
Kim said the two sides were close on many issues but that several matters remained unresolved. This week’s talks will be by videoconference. He declined to name specific projects before negotiations are finished.
Kim travelled to the United States last week for talks with U.S. Commerce Secretary Howard Lutnick and other officials on the scale and conditions of the proposed package, tied to last year’s tariff agreement that lowered reciprocal U.S. rates from 25% to 15% in exchange for the investment pledge.
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