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Market Chatter: South Korea, US to Disclose First Bilateral Investment Project Next Month

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South Korea and the United States are expected to disclose their first investment project under a bilateral trade agreement next month, pending discussions in the energy sector, Yonhap News reported Thursday, citing South Korean Industry Minister Kim Jung-kwan.

The South Korean minister, who is in Washington for a four-day visit, is scheduled to meet US Commerce Secretary Howard Lutnick and other officials to discuss investment and trade issues.

Under last year's trade agreement, South Korea committed to invest $350 billion in the United States, with an annual investment cap of $20 billion.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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