Negotiations around US $350 billion in U.S. investments fell into an impasse. According to Reuters, South Korean national security adviser Wei Sanlo said on Saturday (27), South Korea could not repay US $350 billion in U.S. investments in the way US President Trump said.

He said: ¡°The position we talked about is not a negotiating strategy, but objectively and genuinely beyond the level we can handle,¡± he said.

Wei Shengluo said that the ROK is currently seeking alternatives and is expected to discuss them with the US at the Asia-Pacific Economic Cooperation (APEC) summit to be held at home in South Korea next month.

When the South Korean government announced a ¡°principal agreement¡± with the United States in July, it explained that $350 billion was invested ¡°mostly by guarantees and loans, cash represents only a very small portion¡±, but recently was asked by the United States to ¡°fund almost all in cash¡±.

According to Yonhap News Agency's report on September 22nd, South Korean President Lee Jae-myung said in an interview with British Reuters and BBC on the eve of the UN General Assembly that South Korea strives to reach a tariff agreement with the US as soon as possible. However, if South Korea and the US have not signed a currency swap agreement, if South Korea invests $350 billion in cash according to the requirements of the US, South Korea "will face a financial crisis similar to that of 1997".