Citigroup: Possibility of rapidly finalizing South Korea's $350 billion investment agreement with the US decreasing

Jin-Wook Kim, an analyst at Citigroup, reported that the likelihood of a quick finalization of a deal in which South Korea would invest $35 billion in a US investment fund in exchange for the US reducing tariffs has decreased. Both South Korea and the US have been struggling to finalize the details of the agreement, which was verbally agreed upon in July but has not been officially signed yet. Kim said that after a long deadlock, both sides may reach a partial compromise, or if a final agreement is not reached during the APEC Summit in South Korea on October 31st to November 1st, the US may impose the previously proposed 25% or even higher tariffs on South Korean goods.