Korea, US Yet to Agree on FX Issues Tied to $350 Billion Fund

South Korea remains in intensive talks with the US to iron out final details of its $350 billion investment pledge, including a possible currency swap line aimed at safeguarding the Asian nation from potential financial instability.

Several senior officials from Seoul, including presidential policy chief Kim Yong-beom and Trade Minister Yeo Han-koo, are in Washington this week seeking to finalize the agreement before the Asia-Pacific Economic Cooperation summit later this month. Policy Chief Kim also met with Commerce Secretary Howard Lutnick and other US officials during the visit.