[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/8594041)
Negotiations between South Korea and the United States over a potential $200 billion investment package have encountered critical obstacles, with key disagreements emerging on nuclear reactors, energy initiatives, and funding conditions. The Ministry of Trade, Industry and Resources canceled a parliamentary briefing originally set for Thursday, which was anticipated to facilitate the signing of a memorandum of understanding for the inaugural project as early as Friday.
The rescheduled briefing is now anticipated to occur on Monday or Tuesday, contingent upon the advancement of the negotiations. President Lee Jae Myung conceded that certain provisions remained contentious despite the negotiations nearing completion. "Following a comprehensive review of the specifics, certain aspects are proving challenging to endorse," Lee stated during a press conference at Cheong Wa Dae in Seoul on Friday.
"We are deliberating on these matters further." Lee emphasized that the investment discussions carry far-reaching, intricate implications for South Korea and the United States, with disagreements surfacing as the talks progressed to particular projects. "Several critical matters came to light as the dialogue advanced."
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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