Bessent sees trade ‘understanding’ with Korea, but domestic politics pose hurdles

Treasury Secretary Scott Bessent said he expects an “agreement on understanding” with South Korea on trade as soon as next week following a “successful” meeting with top officials from the country, but a former Korean trade minister says fraught domestic politics in Seoul will limit what the current “caretaker” government can agree to. “We had a very successful bilateral meeting with the Republic of South Korea today. We may be moving faster than I thought, and we will be talking...