TARIFF DEAL ON LOCAL ECONOMY

Welcome to Tuesday's edition of Press Perspective.

It's August 5th here in Seoul.

I'm Min Sunhee.

We touch upon the South Korea-U.S. trade deal yet again today with the focus this time on the local economy.

For more I have Steven Borowiec with Japanese weekly news magazine Nikkei Asia.

Steven it's good to have you here.

I also have Professor Kim Yong-Jin at Sogang University with the pundit's take on the day's discussion.

Professor Kim it's a pleasure as always.

Steven, let's begin with the broader concerning impact of Trump's tariffs.

Professor Kim, some critics believe Trump's tariffs are upending global trade. What are your thoughts?

And Steven, what has been the foreign media reaction to South Korea's trade deal with the U.S.?

Professor Kim, shares of Korean carmakers slumped following news of the country's deal with the U.S. How do you explain this market response?

Steven, staying in the stock market. Bloomberg claims "global money is chasing" the Korean stock market. Do give us some context.

And Professor Kim, I extend this next question to you that was also the headline of an article by South China Morning Post recently. "Does Seoul's stock market boom signal the end of the Korea discount?"

Steven, moving forward. What's the latest with regard to the legality of stablecoins in the U.S.?

Professor Kim, what are the prospects of stablecoins becoming legal here in South Korea?

All right.