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Senior South Korean officials are in Washington negotiating final terms of a major $350 billion investment commitment. The discussions reportedly include establishing currency swap mechanisms to protect against financial market volatility.
South Korea and the United States are engaged in intensive discussions to finalize terms of a substantial $350 billion investment pledge, according to reports from diplomatic sources. The negotiations, occurring ahead of this month’s Asia-Pacific Economic Cooperation summit, reportedly include potential currency swap arrangements designed to safeguard South Korea from potential financial instability.