Finance Minister Koo Yun-cheol said South Korea and the United States are focusing on the structure of Seoul’s 350 billion dollar investment pledge in the U.S., rather than on a currency swap.

In an interview with Bloomberg TV released Wednesday night, Koo said South Korea is prioritizing the creation of a balanced investment package that combines direct investments, loans and guarantees in the ongoing negotiations.

Koo emphasized that whether a currency swap is necessary will depend on the final structure of the investment plan.

He also said U.S. Treasury Secretary Scott Bessent and the U.S. government fully understand the potential risks and impacts on South Korea’s foreign exchange market if the entire 350 billion dollar investment were to be paid up-front.

Regarding the recent weakness of the Korean won against the U.S. dollar, Koo said it reflects uncertainties stemming from prolonged tariff negotiations, adding that once those issues are resolved, the uncertainties are expected to ease.