Adjusting US tariff exemptions? South Korean media: The South Korean government plans to use South Korean companies' investments of over a trillion US dollars in the US as a bargaining chip in economic and trade negotiations.

date
26/07/2025
According to a report by Yonhap News Agency on the 24th, the South Korean government plans to use the plan of Korean companies investing in the United States with a scale exceeding 100 billion US dollars as a bargaining chip in economic and trade negotiations. The investment amount may increase further in the future. South Korea's "Daily Economy" reported that Japan's recent agreement with the United States to reduce tariffs has put enormous pressure on South Korea. If a similar agreement is not reached, South Korea's competitiveness in the global automotive market may be affected. The South Korean delegation for economic and trade negotiations had originally planned to propose the above-mentioned Korean enterprise investment plan at the scheduled South Korea-US "2+2" economic and trade negotiations on the 25th, but the negotiation was canceled due to the temporary emergency schedule of the US Treasury Secretary. Some South Korean media speculate that the United States may be pressuring South Korea in this way. Before the tariff negotiations, the South Korean government contacted many companies including Samsung, SK, Hyundai Motor, and LG, collecting various investment plans for the United States. So far, these companies have promised to invest over 100 billion US dollars. Since this amount only includes investment plans independently formulated by companies, the investment scale may increase further if the government uses policy financing methods.