Finance Minister Koo Yun-cheol met with U.S. Treasury Secretary Scott Bessent on Wednesday to discuss pending trade issues between the two nations.

The finance ministry said Wednesday that Koo and Bessent had discussed South Korea’s investment package under the trade deal reached in July, including the exchange rate and the possibility of a currency swap.

The ministry added that details could not be disclosed because negotiations are still ongoing.

The meeting followed President Lee Jae Myung’s meeting with Bessent on the sidelines of the United Nations General Assembly in New York.

Lee noted during the meeting that South Korea differs significantly from Japan, which recently reached an investment deal with Washington, in economic size, foreign exchange reserves, market structure and infrastructure, and said these differences should be considered in ongoing talks.

Seoul and Washington are working to finalize the details of a trade deal the two reached in late July, which includes Seoul's 350 billion dollar investment pledge.