Korea Joongang Daily
Korea JoongAng Daily

China to buy 13 million tons of U.S. soybeans this season, Bessent says

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons (13.2 million tons) of American soybeans during the current season through January.

2025-10-31

Korea-U.S. investment deal imminent as reps race to fine-tune details ahead of APEC

The Korean government has entered final negotiations with the United States over a $350 billion investment package, with key talks unfolding this week in Washington.

2025-10-18

Korea's finance chief uncertain whether Trump will relax $350B 'upfront' demand

Deputy Prime Minister and Finance Minister Koo Yun-cheol said Thursday that it remains uncertain whether U.S. President Donald Trump will be persuaded to ease Washington’s demand that Korea make an "upfront" investment of $350 billion.

2025-10-17

Momentum builds in Korea-U.S. trade negotiations

Follow-up negotiations to a Korea-U.S. trade deal reached in late July appear to be nearing completion, as comments from top economic officials on both sides on Wednesday suggest rapid progress.

2025-10-16

Finance Minister Koo likely to meet Bessent in Washington as trade talks stumble

Finance Minister Koo Yun-cheol is likely to hold a meeting with U.S. Treasury Secretary Scott Bessent later this week in Washington on the sidelines of international gatherings, a source close to the matter said Sunday.

2025-10-12

Korea agrees to give U.S. forex data, but currency swap omitted in trade talks

Korea has agreed to provide the United States with detailed monthly data on its foreign exchange transactions and restrict market intervention to periods of excessive volatility in trade negotiations, but there was no mention of a currency swap.

2025-10-01

Finance chief confirms finalized currency agreement with U.S.

A currency agreement with the United States has been finalized and will be announced soon, Deputy Prime Minister for Economic Affairs Koo Yun-cheol said Saturday.

2025-09-28

Lee urges ‘commercial rationality’ in trade deal in meeting with U.S. treasury secretary

Korean President Lee Jae Myung told U.S. Treasury Secretary Scott Bessent Wednesday that he expects tariff negotiations with the United States to proceed in a direction that serves both countries' interests based on "commercial rationality."

2025-09-25

Trump officials say tariff pressure crucial to prevent 'slow-walking' of trade talks, retaliatory duties

Top officials of U.S. President Donald Trump's administration have defended "reciprocal" tariffs as a crucial tool to prevent trading partners from "slow-walking" negotiations and imposing retaliatory duties.

2025-09-02

Bessent's remark on stakes in shipbuilders rattles 'MASGA' firms

A recent remark by U.S. Treasury Secretary Scott Bessent indicating that the government may seek equity stakes in shipbuilders has rattled Korean firms at the heart of Seoul's "Make American Shipbuilding Great Again" project.

2025-08-28