US-South Korea deal: Seoul says rough security agreement reached; Washington to review currency swap deal

Oct 2, 2025 - 10:00
US-South Korea deal: Seoul says rough security agreement reached; Washington to review currency swap deal

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South Korea and the US have reached a preliminary security agreement, with Seoul increasing its defense budget by 8.2% next year to address US demands for greater cost-sharing. Concurrently, trade talks on a $350 billion investment package and a currency swap deal are progressing slowly, with optimism low for the latter's approval.

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