Kim Yong-beom

Korea

U.S. has stepped back from all-cash, upfront payment demand, says Korea’s industry minister

Oct 20, 2025 11:29 AM PDT

South Korea’s industry minister says the U.S. has softened its demand for full upfront payment of Korea’s $350 billion investment package, signaling progress in ongoing tariff negotiations ahead of the APEC summit in Gyeongju.

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