South Korea is moving closer to finalizing its trade deal with the United States, with officials saying they will study Japan’s recent agreement as a benchmark.
Finance Minister Koo Yun-cheol noted that Japan’s trade concessions, particularly on auto tariffs, provide both advantages and challenges for Seoul’s negotiators. While Japan secured a reduction of U.S. tariffs on its cars from 25% to 15%, South Korean automakers still face the higher rate, putting them at a competitive disadvantage.
Seoul is also working on the details of a pledged $350 billion investment package tied to the deal, while Japan’s deal included a $550 billion package. South Korean officials emphasized they will not accept identical terms but will negotiate “in a way that meets national interests.”
Talks also cover foreign exchange policies, with final announcements expected once negotiations conclude.
