Bescent: The investment issue in South Korea can be resolved within 10 days.

Jin10 data reported on October 16, U.S. Treasury Secretary Basent stated that discussions are ongoing with South Korea to resolve differences regarding the fulfillment of the $350 billion investment commitment, and he expects results within the next 10 days. When asked if he supports Seoul's request to provide unlimited dollar swap lines as part of the U.S. tariff agreement to support an upfront cash investment, Basent told reporters that it would depend on the Fed. Basent added: “If I were the Fed chair - although I am not - South Korea would have had currency swap arrangements long ago, and so would Singapore.”