Eye on Korea

The $350 Billion Gamble: What’s Really at Stake for U.S.-Korea Trade | Ep. 19


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Wendy Cutler, Vice President at the Asia Society Policy Institute and a former U.S. trade negotiator, joins KEI President & CEO Scott Snyder to break down the state of U.S.–Korea trade talks — and why a long-awaited deal remains elusive.

We examine the sticking points at the heart of negotiations, including Washington’s push for a $350 billion Korean investment fund, Seoul’s concerns over U.S. demands, and how the recent U.S.–Japan trade agreement has complicated Korea’s bargaining position. Wendy also unpacks the continued fallout from the Hyundai immigration raid, how visa bottlenecks are slowing new investment, and why both sides may need to abandon a “take it or leave it” posture to reach an agreement.

The conversation also explores what message Seoul might deliver directly to Donald Trump at the APEC summit, which tariff concessions matter most for autos, semiconductors, and steel, and how the 2026 USMCA review could reshape trade dynamics across the Indo-Pacific.

Finally, we discuss how shifting public opinion and growing emphasis on economic security and supply chains are redefining the U.S.–Korea alliance for a new era.

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Eye on KoreaBy Korea Economic Institute