Pending issues with the US are piling up... Reorganizing negotiation channels is a task

The US and South Korea are struggling to revive their stalled trade talks, with the government focusing on preparing negotiation venues for the US. The head of the US trade delegation, who was recently dismissed, is seen as crucial for handling ongoing matters. Industry officials suggest that the ongoing duties will be managed by the new deputy head of the US trade delegation, who is responsible for practical actions, while the former head will oversee the overall framework.

The head of the US trade delegation is currently in the US to discuss the US-South Korea investment project and surplus production-related issues under Section 301, which could be finalized by the end of August or September. The negotiation topics include addressing forced labor under Section 301, confirming the equivalence of US safety standards for American cars, and ensuring non-discriminatory obligations for US companies in the digital sector.

US trade officials have been holding separate follow-up negotiations with the US trade delegation in Washington. Although the negotiation venue will be filled temporarily by the new deputy head, concerns remain about the impact on external negotiations. The former head of the US delegation had been primarily handling the US-South Korea trade agreement and follow-up negotiations.

Industry experts note that the current situation is crucial for maintaining continuity in negotiations, as it affects investment and export plans.