US EditionKorea Proposes Bilateral Currency Swap with US in Trade Talks
South Korea aims to stabilize its currency with an unlimited won-dollar swap amid stalled trade talks and tariff disputes, holding $416.3 billion in foreign reserves as of August 2025.
7 Articles
7 Articles
Korea proposes bilateral currency swap with US in trade talks
Korea has proposed setting up a bilateral currency swap with the United States in recent trade talks with Washington, according to officials Monday, amid prospects of little breakthrough in Seoul's investment package in the U.S. Seoul has made the proposal of establishing an "unlimited" currency swap arrangement with Washington to defend its currency in its follow-up negotiations on a tariff deal stuck between the two countries in late July. Und…
"The UN General Assembly and APEC in Gyeongju are watershed moments." Without progress, a protracted battle is inevitable.
South Korea proposes bilateral currency swap with US in trade talks
Seoul, Sep 15 (SocialNews.XYZ) South Korea has proposed setting up a bilateral currency swap with the United States in recent trade talks with Washington, according to officials Monday, amid prospects of little breakthrough in Seoul's investment package in the US. Seoul has made the proposal of establishing an "unlimited" currency swap arrangement with Washington to defend its currency in its follow-up negotiations on a tariff deal stuck between…
As the United States pressures South Korea to invest $350 billion (approximately KRW 485 trillion) in the U.S., the Korea-U.S. currency swap has emerged as a new variable. As the U.S. changed its position from when the Korea-U.S. tariff negotiations concluded in late July, demanding a significant increase in the proportion of direct cash contributions within the fund, South Korea has emphasized the need for a currency swap as a minimum safeguard…
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