YONHAP reports Industry Minister Kim Jung-gwan said Seoul and Washington must
resolve legacy issues in the $200bln portion of a $350bln investment package
tied to bilateral tariff talks. Under last year’s deal Korea agreed to invest
$350bln for the US to cut tariffs on Korean imports from 25% to 15%; $150bln is
designated for shipbuilding cooperation and the remaining $200bln’s
implementation is still under negotiation. Kim said officials had aimed to
announce related projects in late August or early September, but working-level
issues have surfaced as talks enter the final stage; both sides are still
targeting that timetable. He added Korea continues to face ongoing US tariff
pressure while multiple bilateral trade issues remain unresolved.
