South Korea raises foreign bond cap to prepare for $350bn US investment
Parliament approves record ceiling of $5bn amid concerns about currency impact from trade deal with Washington
Parliament approves record ceiling of $5bn amid concerns about currency impact from trade deal with Washington

Agreement will reduce auto tariffs on Seoul to 15% in return for $350bn of investment in US

Seoul balks at following Tokyo in letting Trump decide where to invest billions of dollars of its capital

Sharp swings are a reminder to Seoul that its reform agenda is incomplete

It will take time for a durable equity base to be formed after momentum has been broken

Economist Shin Hyun-song is renowned abroad but now must tackle slow growth and inflation

US president says trade deal would lower 25% levy on cars and include $350bn investment