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Lee and Bessent Clash Over $350 Billion Investment Plan

9/25/2025

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Summary

Story summary

South Korean President Lee Jae Myung and U.S. Treasury Secretary Scott Bessent met to discuss a $350 billion investment package and currency swap.
Lee urged commercially rational, beneficial talks, warning large cash commitments could destabilize Korea's economy.
July tariffs deal aside, differences remain over investment structure; United States seeks equity while Korea prefers loans or guarantees; rice and beef off-limits.

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Story summary

South Korean President Lee Jae Myung and U.S. Treasury Secretary Scott Bessent met to discuss a $350 billion investment package and currency swap.
Lee urged commercially rational, beneficial talks, warning large cash commitments could destabilize Korea's economy.
July tariffs deal aside, differences remain over investment structure; United States seeks equity while Korea prefers loans or guarantees; rice and beef off-limits.