South Korea, US stuck on $350bn investment in tariff talks as APEC nears

Trump expects 'upfront' payment while Seoul eyes loan-based fund

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South Korean President Lee Jae Myung meets with U.S. President Donald Trump at the White House on Aug. 25. © Reuters

ERIKA KOBAYASHI

SEOUL -- With the South Korea-hosted Asia-Pacific Economic Cooperation summit looming next week, the final stage of tariff talks between Seoul and Washington are at a stalemate over discrepancies on how a $350 billion investment in the U.S. will be implemented.

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