UC-Berkeley professor flags risks in US-South Korea agreement

Maurice Obstfeld, a renowned economist and professor emeritus at the University of California, Berkeley, has expressed concerns over uncertainties surrounding the South Korea-US trade agreement, announced in July 2025, under which South Korean goods will be subject to a 15 percent tariff, while US exports will not face duties, as per the Maeil Business Newspaper.

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While addressing a press conference on Wednesday, during his visit to Korea for the 2025 G20 Global Financial Stability Conference, he said, "What is concerning is that there can be very different interpretations of the agreement between Korea and the United States."

"Details such as the structure of profit-sharing and who will be responsible for investment have not been spelled out," he added.