BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.58 Decreased By ▼ -0.09 (-1.35%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.53 Decreased By ▼ -0.64 (-1.14%)
BOP 29.93 Decreased By ▼ -0.19 (-0.63%)
CNERGY 12.72 Decreased By ▼ -0.26 (-2%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.13 Decreased By ▼ -0.52 (-1.01%)
FFL 14.41 Decreased By ▼ -0.08 (-0.55%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.57 Decreased By ▼ -0.27 (-4.62%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.14 Decreased By ▼ -1.09 (-1.19%)
NBP 162.11 Decreased By ▼ -2.08 (-1.27%)
NCPL 52.62 Decreased By ▼ -0.56 (-1.05%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 314.62 Increased By ▲ 1.23 (0.39%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.77 Decreased By ▼ -0.47 (-1.33%)
PIBTL 14.20 Decreased By ▼ -0.51 (-3.47%)
PPL 220.66 Decreased By ▼ -0.70 (-0.32%)
PRL 90.35 Decreased By ▼ -0.87 (-0.95%)
PTC 58.87 Decreased By ▼ -0.32 (-0.54%)
SSGC 23.27 Decreased By ▼ -0.03 (-0.13%)
TBL 8.67 Decreased By ▼ -0.08 (-0.91%)
TELE 7.36 Decreased By ▼ -0.25 (-3.29%)
TPL 21.02 Decreased By ▼ -1.01 (-4.58%)
TPLP 12.10 Decreased By ▼ -0.46 (-3.66%)
TREET 21.36 Decreased By ▼ -0.37 (-1.7%)
TRG 54.39 Decreased By ▼ -1.40 (-2.51%)
World

South Korea minister says Trump appears to be pressuring Seoul over Iran, investment

  • One potential source of friction could be South Korea’s pledge to invest $350 billion in the United States under a trade deal signed last year, Cho said
Published Updated
Photo: Reuters
Photo: Reuters
By

SEOUL: South Korean Foreign Minister Cho Hyun said on Wednesday that US President Donald Trump’s order to curb joint military drills appeared aimed in part at pressuring Seoul to support US efforts in the Iran war, alongside other unresolved issuessuch as investment.

“I think President Trump’s message includes pressure over several pending issues concerning the South Korean government, as well as a message to North Korea and an intention by the United States to break a stalemate in the Iran war,” Cho said.

One potential source of friction could be South Korea’s pledge to invest $350 billion in the United States under a trade deal signed last year, Cho said.

Seoul has yet to announce details of the investment plan, although Cho said Washington had sent Seoul a proposal outlining projects that could be considered.

“We could not move faster on the investment plan as we had to consider factors such as commercial viability and take legal procedures,” Cho said.

Trump pauses 50% tariffs on goods from Canada, says two sides have a deal

He cited other unexpected problems, without elaborating. South Korea and the United States announced on Wednesday that they will shorten annual military drills to five days from 11 and scale back some field training, following Trump’s order on a substantial reduction in US participation.

South Korea’s Unification Minister Chung Dong-young, who attended the same hearing, said he believes Trump was moving closer to potentially arranging a new meeting with North Korean leader Kim Jong Un by curtailing exercises that have long angered Pyongyang.

Comments

200 characters remaining