[COVER STORY] Korea-US $200 bil. investment talks hit last-stage hurdles over 'commercial viability'
Korea’s negotiations with the United States over a $200 billion investment package have run into last-stage hurdles, with the two sides disagreeing over nuclear reactors, energy projects and funding terms. The Ministry of Trade, Industry and Resources postponed a parliamentary briefing initially scheduled for Thursday, which had been expected to clear the way for signing of a memorandum of…
![[COVER STORY] Korea-US $200 bil. investment talks hit last-stage hurdles over 'commercial viability'](/img/8592013)
South Korea and the United States have encountered final obstacles in their discussions regarding a $200 billion investment agreement, as disagreements persist over nuclear reactors, energy initiatives, and financial conditions. The Ministry of Trade, Industry and Resources rescheduled a parliamentary briefing originally set for Thursday, now anticipating it for Monday or Tuesday, contingent on the progress made in negotiations.
The briefing's rescheduling is due to unresolved issues within the talks. President Lee Jae Myung acknowledged the presence of some provisions that are proving challenging to accept, despite the negotiations nearing a consensus. "After reviewing the details, there are parts that are not easy to agree to," Lee stated during a press conference at Cheong Wa Dae in Seoul on Friday.
"We are discussing them again." He emphasized that the investment negotiations hold significant, multifaceted implications for Korea-US relations, with disagreements emerging as the talks progressed to specific projects. "There were several points o..."
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