Korea Security Aide Says US FX Swap Outlook Not Bright: Yonhap

The article discusses South Korea's request for a currency swap with the United States as part of their trade negotiations. According to South Korea's National Security Adviser Wi Sung-lac, the outlook for the US accepting this request is not bright. Wi Sung-lac stated that it is difficult to be optimistic about the US agreeing to the currency swap, indicating that the negotiations on this matter may face challenges. Currency swaps are financial agreements between countries that can help stabilize exchange rates and provide liquidity during times of economic uncertainty. The article does not provide further details on the specific reasons behind Wi Sung-lac's assessment or the status of the ongoing trade talks between South Korea and the US. It simply conveys the National Security Adviser's perspective on the likelihood of the US accepting Seoul's request for a currency swap as part of the broader trade negotiations between the two countries.