US-South Korea deal: Seoul says rough security agreement reached; Washington to review currency swap deal
South Korea and the US have reached a preliminary security agreement, with Seoul increasing its defense budget by 8.2% next year to address US demands for greater cost-sharing. Concurrently, trade talks on a $350 billion investment package and a currency swap deal are progressing slowly, with optimism low for the latter's approval.
South Korea and the US have reached a preliminary security agreement, with Seoul increasing its defense budget by 8.2% next year to address US demands for greater cost-sharing. Concurrently, trade talks on a $350 billion investment package and a currency swap deal are progressing slowly, with optimism low for the latter's approval.
