Bloomberg Daybreak: Asia Edition APEC Summit Preview, South Korea Finance Minister Koo Yun Cheol
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Oct 23, 2025 
Kang Kyung-hwa, the South Korean ambassador to the U.S., shares insights on the upcoming APEC summit and the importance of U.S.-Korea investment talks. She discusses the strategic goals of the bilateral meetings between leaders and the push for a business-friendly trade environment. Additionally, Finance Minister Koo Yun Cheol addresses the structure of a $350 billion investment pledge and concerns over the Korean won's depreciation linked to ongoing negotiations. They also explore visa arrangements for Korean investors and the impact of tariffs on the South Korean economy.
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Visa Clarifications To Reassure Investors
- Seoul and Washington created a working group to clarify visa rules after the Hyundai plant immigration raid.
- Kang says a fast-track desk and ESTA/B-1 clarifications aim to reassure investors and workers.
Deal Structure, Not Swap, Is Central
- Korea and the U.S. are negotiating the structure of a $350 billion investment pledge rather than a straight currency swap.
- Finance Minister Koo says the deal's design determines if a swap is needed and how large it should be.
Avoid Upfront Large Dollar Deployments
- Do avoid front-loading large dollar disbursements because Korea's FX market cannot absorb an upfront $350 billion.
- Koo says Washington understands and negotiations include phased or varied payment options.