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2025-09-14 20:00:42
South Korea has reportedly requested an unlimited currency swap agreement with the United States to mitigate the impact of a $350 billion investment commitment under a trade agreement on the won. An unnamed South Korean government official revealed that the government raised the need for the currency swap agreement during recent tariff negotiations with the United States, describing it as a "response to reasonably ensure the safety of the foreign exchange market." The Ministry of Finance stated that it is currently exploring "various measures" to mitigate the impact on the foreign exchange market, but did not provide further details. South Korea previously agreed to a $350 billion investment commitment as part of its trade agreement with the United States, which capped export tariffs at 15%.
