EXPLAINER-WHY SOUTH KOREA CANNOT MAKE THE SAME US TRADE DEAL AS JAPAN
https://media.zenfs.com/en/reuters.com/aeeaf5a9693b6e4afb3d811858261ae3
✍️ South Korea's negotiations with the US on a trade deal have stalled due to concerns over the foreign exchange implications of a $350 billion investment fund.
👉 South Korea's negotiations with the US on a trade deal have stalled due to concerns over the foreign exchange implications of a $350 billion investment fund. 👉 The fund has raised concerns among market participants that the resulting dollar demand will overwhelm the domestic currency market, depressing the won. 👉 South Korea's economy is much smaller than Japan's, and it has a current account surplus of $99 billion last year, compared with Japan's surplus of nearly $200 billion.
-- #HowardLutnick #KimYong-beom #Koo #Seoul #Tokyo #Japan #US #politics
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