South Korea is reportedly considering a proposal to invest $100 billion in the U.S. as part of trade talks with President Trump.
Seoul is mulling the offer as it tries to decrease a 25% tariff that Mr. Trump threatened to impose on South Korean products, effective Aug. 1.
The investment package would include commitments from conglomerates Samsung Group, SK Group, Hyundai Motor Group and LG Group, according to Yonhap News Agency, which cited industry sources.
South Korea faces pressure to land a deal before the August deadline, especially since Japan managed to knock down its tariff rate from 25% to 15% by promising to open its markets to U.S. goods and invest $550 billion in U.S. projects.
U.S.-South Korea talks hit a minor snag on Thursday, when “two plus two” negotiations between the sides had to be postponed due to Treasury Secretary Scott Bessent’s schedule.
While Japan’s investment is far