SEOUL: South Korean Industry Minister Kim Jung-kwan said Monday (Oct 6) that Seoul and Washington have reached a significant consensus over concerns about the impact of a US$350 billion investment deal on Korea’s foreign exchange market, as the two sides are working to make progress in stalled tariff negotiations.
“Regarding the proposal we sent, I can say that we are narrowing differences, particularly on issues related to the foreign exchange market,” Kim told reporters at Incheon International Airport upon returning from New York, where he met US Commerce Secretary Howard Lutnick.
