SEOUL: South Korea has a higher chance of reaching a trade deal with the US by the time of the Asia-Pacific Economic Cooperation (Apec) summit in South Korea later this month, the country’s chief policy advisor said today.
While the two sides have made concrete progress in most issues, they need to iron out a couple of remaining issues, advisor Kim Yong-beom told reporters, after returning from a trip to Washington where he met with US commerce secretary Howard Lutnick.
Kim said the US understands the impact South Korea’s US$350 billion financial package would have on Seoul’s foreign exchange market and that the deal must be “within South Korea’s tolerance”.