Korea Joongang Daily
Korea JoongAng Daily

Korea, U.S. agree to continue consultations on forex developments

Finance Minister Koo Yun-cheol and U.S. Treasury Secretary Scott Bessent agreed to continue consultations on foreign exchange market developments as the won remains persistently weak against the dollar.

2026-04-19

U.S., China economic chiefs meet in Paris to clear path for Trump-Xi summit

Top U.S. and Chinese economic officials wrapped up the first of two days of talks in Paris on Sunday to iron out kinks in their trade truce and clear a path for U.S. President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping.

2026-03-16

Bessent says new global tariff will likely increase to 15% from 10% 'sometime this week'

U.S. Treasury Secretary Scott Bessent said Wednesday that a new U.S. global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working on replacing his emergency tariffs.

2026-03-05

Bessent discusses possible narrowing of steel, aluminum tariffs

U.S. Treasury Secretary Scott Bessent said Friday that "we will see" if the scope of tariffs on steel and aluminum will narrow, following a news report that U.S. President Donald Trump plans to reduce some tariffs on steel and aluminum goods.

2026-02-14

U.S. needs Greenland because of European 'weakness,' Bessent says

European "weakness" necessitates U.S. control of Greenland for global stability, U.S. Treasury Secretary Scott Bessent said on Sunday.

2026-01-19

Bessent says Korea’s weak won does not align with its fundamentals

U.S. Treasury Secretary Scott Bessent said that the recent depreciation of Korea's won is not in line with its strong economic fundamentals in a ministerial meeting with Seoul’s Finance Minister Koo Yun-cheol in Washington this week.

2026-01-15

China to buy 13 million tons of U.S. soybeans this season, Bessent says

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons (13.2 million tons) of American soybeans during the current season through January.

2025-10-31

Korea-U.S. investment deal imminent as reps race to fine-tune details ahead of APEC

The Korean government has entered final negotiations with the United States over a $350 billion investment package, with key talks unfolding this week in Washington.

2025-10-18

Korea's finance chief uncertain whether Trump will relax $350B 'upfront' demand

Deputy Prime Minister and Finance Minister Koo Yun-cheol said Thursday that it remains uncertain whether U.S. President Donald Trump will be persuaded to ease Washington’s demand that Korea make an "upfront" investment of $350 billion.

2025-10-17

Momentum builds in Korea-U.S. trade negotiations

Follow-up negotiations to a Korea-U.S. trade deal reached in late July appear to be nearing completion, as comments from top economic officials on both sides on Wednesday suggest rapid progress.

2025-10-16