Bessent says South Korea investment issues can be resolved within 10 days

U.S. Treasury Secretary Scott Bessent said that discussions with South Korea are underway to resolve disagreements over implementing the country's $350 billion U.S. investment pledge and that he expects an outcome within the next 10 days.

Asked if he supported Seoul's request for an unlimited U.S. swap line to support an upfront cash investment as part of a U.S. tariff deal, Bessent told reporters that would be up to the Federal Reserve.

"If I were Federal Reserve chair, and I'm not, Korea would already have a currency swap facility, as would Singapore," Bessent added.