The Chosun Daily reports that as South Korea and the United States continue negotiations on trade and security issues, the summit scheduled for the 29th of this month may ultimately produce a written document. The document is expected to include the outline of a tariff agreement, while another document is expected to detail security issues, including US arrangements to allow South Korea to conduct uranium enrichment and spent fuel reprocessing.

The report said that the two sides are currently coordinating on the form and content of the"outcome document."

Kim Yong-beom, director of the South Korean presidential policy office, who visited the US last week, is scheduled to return to the US on the 22nd for final negotiations. However, other sources suggest that the announcement may not be a joint statement, but rather a separate"fact sheet" issued by either South Korea or the US.

The South Korean presidential office said on the 21st that Kim Yong-bum and Minister of Trade, Industry and Energy Kim Jong-gwan returned to the country to report the progress of the negotiations to President Lee Jae-myung in person after concluding talks with US Secretary of Commerce Howard Lutnick.

It is reported that the US previously asked South Korea to make an advance investment of US$350 billion in cash, but now its attitude has changed to consider adjusting the investment scale or adopting a phased investment plan.

However, core issues such as the ratio of cash to loans/margin in US investments and the allocation method of investments remain to be resolved.

An official from the South Korean presidential office said:"The goal is to release the summit outcome document during President Trump's state visit from the 29th to the 30th." It is reported that the content of the document includes: "South Korea will establish a US$350 billion investment fund for the United States, and the United States will reduce tariffs on South Korean exports to the United States from 25% to 15%."