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US, South Korea in deadlock over $449b investment fund
The Straits Times
|September 10, 2025
The US and South Korea are in a deadlock over details of a US$350 billion (S$449 billion) investment fund that the two countries agreed to as part of a broader trade deal, with a top Seoul official warning that even the shipbuilding partnership is at risk if they fail to narrow the differences.
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SEOUL -
Speaking at a forum on Sept 9, Mr Kim Yong-beom, director of national policy at South Korea's presidential office, said Seoul has been emphasising to US officials that it cannot accept the same terms as Japan's US$550 billion investment pledge finalised last week, citing the disparity in the size of the two economies and the potential repercussions on the foreign exchange market.
"Without an agreement, it will be difficult for the MASGA project to even get off the ground," Mr Kim said, referring to Make American Shipbuilding Great Again, a term Seoul coined for reviving the US shipbuilding sector.
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