'U.S. Tariff Pressure May Intensify', Hyundai Warns South Korea

South Korea Faces Potential Fiscal Burden from U.S. Investment

President Lee Jae Myung (left) and U.S. President Donald Trump shake hands before starting a summit at the Gyeongju National Museum in Gyeongju, North Gyeongsang Province, on Oct. 29. (Captured from KBS) An analysis has emerged indicating that if the approximately $350 billion fund that Korea invests in the United States incurs a 5% loss, the cumulative fiscal burden over the next 10 years could reach 1% of gross domestic product (GDP). Analysts…

'U.S. Tariff Pressure May Intensify', Hyundai Warns South Korea

Hyundai Motor President Sung Kim on Tuesday urged South Korea to swiftly pass legislation for a $350  billion U.S. investment package, cautioning the Trump administration may escalate tariff pressure on sectors such as autos despite its legal setback. Kim made the comments at a meeting with opposition lawmakers and business association officials to discuss the […] The post ‘U.S. Tariff Pressure May Intensify’, Hyundai Warns South Korea appeared …