"Our position is not a negotiating tactic,"
"It is objectively and realistically not a level we are able to handle,"
"We are not able to pay $350 billion in cash."
"up front."
South Korea says it cannot supply the United States with $350 billion in cash for the investment pledge tied to lowering U.S. tariffs. National Security Adviser Wi Sung-lac called the amount objectively and realistically unmanageable and stated that Seoul is not able to pay $350 billion in cash. South Korean officials are seeking loans and a bilateral currency swap, noting the sum exceeds 80% of the country’s foreign reserves. Washington reportedly prefers an up‑front cash contribution. Seoul is exploring alternatives and hopes for progress at the upcoming APEC Summit in Gyeongju. Finance Minister Koo Yun-cheol said exchange-rate talks with the U.S. have concluded and details will be announced soon.
Read at Fortune
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