"US President Donald Trump has two clear priorities for his trip to South Korea on Wednesday as part of his five-day tour of Asia. The first is for South Korea's government to finalize a $350 billion (300 billion) investment package in the United States, and the second is to arrange another face-to-face meeting with North Korean leader Kim Jong Un."
"The South Korean administration of President Lee Jae-myung is standing its ground on the massive investment package that is being demanded in return for the reduction of US tariffs on Korean imports. Officials in South Korea said the bulk of the $350 billion investment had been earmarked for loans and loan guarantees to South Korean companies setting up new facilities in the US. Trump, however, wants Seoul to pay the total in cash or equity "up front.""
Trump arrives in South Korea with two priorities: secure a $350 billion (300 billion) South Korean investment package in the United States and arrange another face-to-face meeting with North Korean leader Kim Jong Un. Seoul's administration says most of the $350 billion would be loans and loan guarantees for South Korean companies establishing facilities in the US, while Trump demands payment in cash or equity "up front", which Seoul warns would destabilize its financial markets. Public protests have taken place outside the US embassy, fueled by fears of coercive trade pressure and memories of an ICE raid in Georgia that detained over 300 South Korean workers.
Read at www.dw.com
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