South Korea and the US are focusing on the structure of a $350 billion investment pledge by Seoul, rather than a currency swap, according to Finance Minister Koo Yun Cheol. Officials in Washington including Treasury Secretary Scott Bessent now see the potential for a shock to Seoul’s foreign-exchange market from an “upfront” deployment of funds, Koo said. Koo spoke exclusively with Bloomberg's Shery Ahn about the progress of talks on Wednesday in South Korea. -------- More on Bloomberg Television and Market ...

South Korea remains in intensive talks with the US to iron out final details of its $350 billion investment pledge, including a possible currency swap line https://t.co/tfknHGir3y ...

RT Bloomberg en Español (@BBGenEspanol)EE.UU. finalizó un acuerdo de swap de divisas por US$20.000 millones con Argentina. El Tesoro también compró pesos y prometió medidas excepcionales para estabilizar los mercados. https://t.co/EhJr0H7psm https://t.co/Q8SzB8Zxnp ...

Treasury Secretary Scott Bessent said the US has finalized a $20 billion currency swap framework with Argentina’s central bank https://t.co/C3X5RTygQv ...

South Korea’s National Security Adviser Wi Sung-lac says it is difficult to be optimistic about the US accepting Seoul’s request for a currency swap as part of trade talks, Yonhap News reports https://t.co/SPXhGWU5AZ ...

Thank you very much for your time today. I know that we have a very busy geopolitical backdrop and trade environment as well. Let me start with you on trade, because we understand that South Korea is still trying to finalize and write out a trade agreement with the U.S..When could we see the deepening of this negotiation wasn't initiated by us. We didn't start from a position of advantage, nor did we raise the issues. Isn't that the case for the entire world.Since the whole world is negotiating under the ne ...

South Korea's president warning of potentially devastating effects ties to the country's trade deal with the US. Speaking with Reuters, the Korean president saying his country's economy could fall into crisis like the one it faced in 1997 if it were forced to take $350 billion and invest that amount of cash in the US without a currency swap. He said the US and Korea haven't formalized a trade deal reached in July because of disagreements over how Korean investments in the US will work.And I think one of the ...