South Korea, US renegotiate parts of $350 billion investment package

  • President Lee Jae Myung said South Korea and the US are renegotiating parts of the investment package.
  • The package is valued at $350 billion, according to Lee’s remarks.
  • South Korea postponed unveiling its first project under the US investment commitment.

South Korea and the United States are renegotiating parts of a $350 billion investment package after disagreements emerged over details in an agreement reached during working-level negotiations. President Lee Jae Myung’s remarks explain the last-minute postponement of plans to unveil South Korea’s first project under its strategic investment commitment to the US. Lee said he had been told the negotiations were close to completion, but that some provisions proved difficult when he reviewed the details.

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