Sep 15, 2025 PM EDT - Jason

South Korea–U.S. Trade Talks Slow Over Currency Swap Dispute

Negotiations between South Korea and the United States on a $350 billion investment framework have hit delays. Officials in Seoul want a standing currency swap line with the U.S. Federal Reserve, while Washington has been cautious to commit. The investment plan was first announced in July, covering areas such as semiconductors, clean energy, and other advanced industries. It was billed at the time as a sign of deeper economic ties,