00:02You're listening to AI Prism from Seoul Economic Daily.
00:30Here's why global investors are paying attention to Korea today.
00:34Trade Minister Kim Jong-kwan returned from Washington on the 13th, saying he intends one more attempt at a final
00:41deal within the week.
00:42The package is capped at $200 billion in total and $20 billion a year.
00:47Limits set when the framework was agreed.
00:50Candidate projects include a Texas gas-fired plant, Alaska LNG, and as many as eight nuclear reactors, which raised concern
00:58the cap could be exceeded.
01:00Here's what the numbers show.
01:01Kim said those caps were agreed with the United States and will hold.
01:05He also said a negotiation is not finished until it is signed.
01:09The rate calendar sits directly on top of that.
01:12The Federal Reserve meets on the 15th and 16th with its policy rate at 3.5% to 3.75
01:18% after five straight holds, and a hike is now considered possible.
01:23The Bank of Japan follows on the 17th and 18th, where an increase looks close to certain three months after
01:30June's quarter-point move took the rate above 1%.
01:33Yen carry trade unwinding comes back into view.
01:37In Washington, funding for a $5,000 per-person payment remains unresolved.
01:43About 240 million American adults at $5,000 each comes to $1.2 trillion.
01:49Commerce Secretary Howard Lutnick points to a $5 million residency card he says could raise $500 billion, less than half
01:58the bill.
01:59Vice President J.D. Vance points to tariffs, but the Congressional Budget Office puts tariff revenue from October through August
02:07at $167.3 billion, with a ceiling near $424 billion a year over the next decade.
02:14Two proposals, neither covering the cost.
02:18On China, Trump said he is fine with Chinese automakers building plants in the United States while ruling out Mexican
02:24Assembly for export.
02:26U.S. automakers object.
02:28The Washington summit with Xi Jinping is about 10 days away, AI is under consideration for the agenda, and Kyoto
02:35reports China has signaled it could shelve the meeting over new Taiwan arms sales.
02:39One Korea data point.
02:42Global pharma licensing ran to 120 deals worth $144 billion in the first half, and Korean firms were absent from
02:51ADC and RNA entirely.
02:53So what does this mean for positioning into the week?
02:56Korea is negotiating capital commitments while its two largest rate anchors move at once.
03:01A hawkish Fed and a Bank of Japan hike in the same week is the cleanest carry-unwinding setup this
03:08year has offered.
03:09The dividend gap reads as a fiscal signal, not a policy about to land.
03:14Four things to watch.
03:16The Korea-U.S. investment announcement this week, the Fed dot plot on the 16th, the Bank of Japan on
03:23the 18th, and the Washington summit in about 10 days.
03:27That's today's AI prism, global investors.
03:30This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
03:38AI prism is a WANIFRA award-winning series.
03:40We'll be back tomorrow.
03:42You've been listening to AI prism from Seoul Economic Daily.
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