Korea to Tap Foreign Returns, Eyes Overseas Bonds for US Pledge

South Korea plans to fund its $350 billion US investment pledge mainly through returns on foreign currency assets and may tap overseas bond markets if needed, a presidential adviser said, outlining a strategy that may ease concerns over economic strain.
The investment pledge, finalized Wednesday during US President Donald Trump’s visit to South Korea for the Asia-Pacific Economic Cooperation summit, consists of $200 billion in investment and $150 billion earmarked for the shipbuilding sector. The $200 billion portion will be deployed in annual increments of up to $20 billion, Kim Yong-beom , the presidential policy chief, said at a press conference Wednesday.