Korea, US Yet to Agree on FX Issues Tied to $350 Billion Fund
TITLE: Financial Safeguards Take Center Stage in US-South Korea $350 Billion Investment Negotiations Senior South Korean officials are currently engaged…
Tag: Asia
U.S. Accuses China of Economic Coercion Through Shipbuilding Sanctions on South Korean Firm
The United States has accused China of attempting to “coerce” South Korea through sanctions targeting Hanwha Ocean’s U.S. shipbuilding operations. According to reports, the measures aim to undermine cooperation between Washington and Seoul on revitalizing American shipbuilding and manufacturing capabilities.
U.S. Condemns Chinese Sanctions as Economic Coercion
The United States State Department has characterized recent Chinese sanctions against Hanwha Ocean’s American affiliates as an attempt to “coerce” South Korea and undermine bilateral cooperation, according to reports from Reuters. Sources indicate the sanctions represent the latest escalation in economic tensions between Washington and Beijing.