South Korean Newspapers Highlight Tensions in U.S. Investment Talks and Domestic Issues


Seoul: The top headlines in major South Korean newspapers on October 18 highlight ongoing negotiations with the United States over an investment package and pressing domestic concerns.



According to Yonhap News Agency, Kookmin Daily reports that the final decision on whether the United States will reverse its ‘upfront’ payment demand from South Korea’s investment package lies with former President Donald Trump. Meanwhile, Donga Ilbo notes that South Korea has made a counterproposal to adjust its investment in the United States based on foreign exchange market conditions.



Chosun Ilbo brings attention to domestic real estate issues, reporting that 70 percent of apartments owned by high-ranking government officials are located in speculative zones. JoongAng Ilbo reveals that for three years, the government was unaware of a hacking incident involving civil servants’ work networks, raising concerns over cybersecurity.



Hankook Ilbo discusses the housing market, noting a significant drop in urgent sale inquiries, which may signal a looming freeze. In corporate news, Maeil Business Newspaper reports that Samsung Biologics plans to split its contract development and manufacturing organization (CDMO) and biosimilar business.



Korea Economic Daily emphasizes the importance of the upcoming weekend, suggesting it could be a turning point in the Korea-U.S. talks concerning a $350 billion investment package.