AP: Lee Jae-myung says the prospects of the Korea-US trade agreement remain unclear
AP reported on July 6 that South Korean President Lee Jae-myung admitted at a press conference held at Cheong Wa Dae in Seoul on July 3, 2025, that the prospects of the renegotiated trade agreement with the United States remain unclear, as the deadline set by former President Trump approaches, causing market turbulence; data from foreign exchange trading rooms showed that the Korea Composite Stock Price Index (KOSPI) fell 1.8% to 2480 points on that day, and the exchange rate of the US dollar to the South Korean won rose to 1320 won per US dollar, reaching a three-month high, reflecting increased investor concerns; an anonymous Seoul financial analyst commented that trade uncertainties may hinder South Korea's export growth and increase the risk of economic volatility, and if the agreement fails, it could impact global supply chains; at the same time, people at Seoul train stations and bank trading rooms closely watched the live broadcast of the press conference, highlighting the high level of domestic anxiety.
Original article: https://www.toutiao.com/article/1836895920803914/
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