23.09.202503:40:58UTC+00South Korea Seeks Solution in U.S. Tariff Talks Amid FX Concerns

South Korean President Lee Jae Myung has highlighted the challenges arising from ongoing tariff discussions with the United States, notably the concerns about instability in South Korea’s foreign exchange market. Despite these challenges, President Lee remains confident in reaching a resolution. While speaking with U.S. lawmakers in New York, adjacent to the United Nations General Assembly, he emphasized the expectation of both nations arriving at a commercially sensible agreement. South Korea is currently working towards cementing a trade deal aimed at reducing import tariffs instituted by former President Donald Trump. Furthermore, President Lee cautioned that a significant South Korean investment in the U.S., proposed as part of this agreement, may impact the country's foreign exchange reserves, illustrating the wider financial ramifications of the negotiations.