South Korea's President Lee says US investment demands would spark financial crisis

South Korea's President Lee Jae Myung warned that accepting U.S. investment demands could lead to a financial crisis akin to the 1997 meltdown. A verbal agreement on trade between the U.S. and South Korea remains unsigned due to disputes over the proposed $350 billion investment from South Korea.

Lee emphasized that without financial safeguards, the impact could be devastating. He expressed concern over recent U.S. immigration raids on South Korean workers, which sparked anger back home but praised Trump's response.

Lee aims to maintain rational trade relations and proposed a currency swap to mitigate investment risks. He highlighted the need for detailed agreements and urged for a peaceful resolution to rising tensions with North Korea, China, and Russia.