黑天鹅！韩国，突发！

Core Viewpoint - South Korea is unable to pay the $350 billion in cash to the U.S. as part of a trade agreement aimed at reducing tariffs, highlighting significant economic constraints and differing expectations between the two nations [2][3]. Group 1: Trade Agreement Details - A South Korean official stated that the country cannot provide $350 billion in cash to the U.S. to lower tariffs from 25% to 15% as previously agreed upon [3]. - The amount requested by the U.S. represents over 80% of South Korea's foreign exchange reserves, making it an unrealistic demand for the Korean economy [3]. - The U.S. Secretary of Commerce has indicated a preference for cash payments rather than loans for the investment, complicating negotiations [3]. Group 2: Negotiation Stalemate - The negotiations between the U.S. and South Korea have reached a deadlock, with South Korea emphasizing that it cannot accept terms similar to Japan's $550 billion investment commitment due to differences in economic scale [4][5]. - South Korea's National Policy Office Director pointed out that the economic environments of South Korea and Japan are fundamentally different, particularly regarding currency swap arrangements and the status of the yen as a reserve currency [5][6]. - The $350 billion fund is a critical component of the trade agreement, yet there are ongoing disagreements about its operational structure and management [6].