Kim Yong-beom, Presidential Chief of Staff for Policy, said on the 29th that, in relation to the Korea-U.S. tariff talks, the $350 billion in U.S.-directed financial investment would consist of $200 billion in cash investment and $150 billion for shipbuilding.

He said, "We set an annual investment cap at $20 billion," and noted, "$200 billion is similar to the financial package Japan agreed with the United States."

Policy Chief Kim Yong-beom briefs on the U.S.-South Korea summit at the APEC Media Center in Gyeongju, North Gyeongsang, on the 29th. /Courtesy of Yonhap News

Deputy Minister Kim stated accordingly at the APEC International Media Center in Gyeongju, North Gyeongsang, that day.

Kim said, "The $200 billion investment does not happen all at once, but dollars will be invested depending on project progress within the annual $20 billion limit," adding, "we minimized the impact on the foreign exchange market by keeping it within a range the (Korean) FX market can bear."

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