US-Korea Fund Stuck on Key Points Ahead of Trump Visit, Lee Says

The US and South Korea remain stuck on all the major details of a $350 billion investment pledge, President Lee Jae Myung said in an interview Friday, signaling the countries may fail to finalize a trade deal in time for a summit meeting with Donald Trump.

“The method of investment, the amount of investment, the timeline and how we will share the losses and divide the dividends — all of these remain sticking points,” Lee said in an exclusive interview with Bloomberg News at his office that also touched on his China policy and defense issues. “The US will of course try to maximize its interests but it mustn’t be to the extent that causes catastrophic consequences for South Korea.”