According to the Wall Street Journal, the Trump administration plans to fine-tune the South Korea-US trade deal, and multiple sources said that U.S. Commerce Secretary Luthnik has told officials in Seoul that the United States is seeking more funding in the form of cash rather than loans.
August 1, South Korea's Minister of Commerce and Trade, Lu Han-jeou, said on Friday that the South Korea-US trade agreement announced by US President Trump on Wednesday has not yet reached a written agreement. Lu Han-jeou told reporters on his return from a trip to Washington that it was a verbal negotiation due to time constraints.