“The difficulty in handling the $350 billion cash payment,”
Deputy Prime Minister Koo Yun-cheol
(Seoul = Yonhap News) Hwang Kwang-mo reports that Koo Yun-cheol, Deputy Prime Minister and Minister of Economy and Finance, delivered a speech at the National Assembly Planning and Finance Committee’s 2025 state inspection held at the National Assembly in Yeouido, Seoul, on the 13th. 2025.10.13 [email protected]
(Sejong = Yonhap News) Reporter Song Jung-eun states that Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol emphasized the need for a quick conclusion to the tariff negotiations with the United States, stating that he is coordinating the schedule for a meeting with U.S. Treasury Secretary Scott Besant.
During the national inspection held at the National Assembly Planning and Finance Committee that morning, Deputy Prime Minister Koo stated, “I will do my best to ensure that the final agreement prioritizes national interests and practical considerations,” he declared.
He added that he has requested a meeting with Secretary Besant for the 15th and mentioned, “I will ensure the meeting takes place.”
“Can South Korea afford to cash out $350 billion for investment in the U.S.?” To this inquiry, Deputy Prime Minister Koo responded, “It is difficult to manage,” adding that he had sufficiently persuaded Secretary Besant about South Korea’s foreign exchange situation.
He further mentioned, “Secretary Besant replied that he understands our foreign exchange market situation and will discuss it internally.”