The South Korean won hovered near 1,427 per dollar on Tuesday, showing little change from the previous session as markets cautiously evaluated recent signals from Seoul and Washington amid ongoing trade negotiations. After weeks of limited progress, the presidential office said the United States has formally responded to South Korea’s revised proposals on the $350 billion investment package tied to a planned tariff reduction on Korean goods from 25 percent to 15 percent. The United States presented what it described as a “new alternative” proposal, suggesting technical discussions are continuing, though substantive progress remains uncertain. Meanwhile, Seoul is maintaining its push for financial safeguards, including a possible bilateral foreign exchange swap arrangement, as it seeks to ensure stability and favorable terms in managing the potential impact of large capital flows.
