South Korea warns of financial crisis

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reuters.com - South koreas president lee says US investment demands would spark financial

South Korea's economy could fall into crisis rivalling its 1997 meltdown if the government accepts current U.S. demands in stalled trade talks without safeguards, President Lee Jae Myung told Reuters.

Seoul and Washington verbally agreed to a trade deal in July in which the U.S. would lower President Donald Trump's tariffs on South Korean goods in exchange for $350 billion in investment from South Korea, among other measures.

Commercial feasibility of $350 bln investments main trade obstacle with US, Lee tells Reuters
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Jeff

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