Korea Says US Offered Alternative in $350 Billion Deal Talks

South Korea is reviewing a new proposal from Washington linked to its $350 billion investment pledge in the US, whose implementation has become a key obstacle to finalizing a trade deal reached in July.

“The US brought a new alternative, and we’re now reviewing it,” Foreign Minister Cho Hyun told lawmakers at a parliamentary audit on Monday, signaling progress after months of stalled talks over tariffs.

Cho said Seoul aims to make progress by the Asia-Pacific Economic Cooperation summit in late October, where President Lee Jae Myung is expected to hold talks with President Donald Trump.

Talks to formalize ...