Korea, US Yet to Agree on FX Talks Tied to $350 Billion Pledge

South Korea remains in intensive talks with the US to iron out final details of its $350 billion investment pledge, including a possible currency swap line aimed at safeguarding the Asian nation from potential financial instability.

Several senior officials from Seoul, including presidential policy chief Kim Yong-beom and Trade Minister Yeo Han-koo, are in Washington this week seeking to finalize the agreement before the Asia-Pacific Economic Cooperation summit later this month. Policy Chief Kim also met with Commerce Secretary Howard Lutnick and other US officials during the visit.

The trade talks have been in deadlock for more than two ...