Moon Enlists Chaebol Execs to Disarm Trump's Trade Threat
- New President Moon Jae-in meets with Trump in Washington
- Korean business ‘trying to get on the good side of the U.S.’
South Korean President Moon Jae-in.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Since taking office in January, President Donald Trump has pulled the U.S. out of the Trans-Pacific Partnership and started renegotiation of the North American Free Trade Agreement. The challenge for South Korean President Moon Jae-in, who heads to Washington this week, is to keep Trump away from another deal the billionaire dislikes: their 2012 free-trade pact.
The summit between Trump and Moon, scheduled for June 29 and 30, comes at a time of rising trade tensions between the two countries. Trump has derided the Korea-U.S. free-trade agreement, known as Korus, as a "horrible deal" and "a one-way street." His administration has targeted Korean companies with new penalties and investigations.