Face with the strong Trump, Koreans had to "cut meat" to reach the Korea-US Trade and Investment Agreement.

According to foreign media reports, South Korea and the United States have agreed to make a direct cash investment of 200 billion dollars in a total of 350 billion dollars in investments to the US, with an annual limit of 20 billion dollars. Kim Young-bum, Director of the Policy Office of the South Korean Presidential Office, announced the results of the negotiations on investments to the US at a press conference on the 29th.

"The 350 billion dollar financial investment to the United States includes 200 billion dollars in cash investment and 150 billion dollars in shipbuilding cooperation," said Kim, adding that "the structure is similar to the 550 billion dollar financial plan reached between Japan and the United States, but we set an annual investment ceiling of 20 billion dollars."

He also explained, "We carry out investments within the annual limit of 20 billion dollars and pay attention to business progress, so the impact on the market can be minimized within the range that the foreign exchange market can bear."

The strengthened shipbuilding cooperation project between South Korea and the US, "MASGA (Make American Shipbuilding Great Again)" investment of 150 billion dollars has been agreed to be promoted by South Korean companies. This agreement will reduce the tariffs imposed by the US on South Korea from 25% to 15%. Since the agreement was reached at the end of July, the reciprocal tariff has been applied at 15%. Compared to the competition in Taiwan, the tariff on semiconductors is "not favorable", and there is no additional opening up of farmland including rice and beef.

In addition, he said, "The profits between South Korea and the US will be divided in a 5:5 ratio until the principal and interest are repaid, and if it is expected that the principal and interest cannot be fully repaid within 20 years, the profit sharing ratio can also be adjusted."

Original: www.toutiao.com/article/1847319871689728/

Statement: This article represents the personal views of the author.