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President Donald Trump in Gyeongju to press a trade deal with South Korea, but talks are slowing over his demand for $350 billion in U.S.-bound investment. Seoul prefers loans, guarantees and a currency swap line, saying a direct cash injection could destabilize its economy. The impasse contrasts with pledges of up to $490 billion from Japan after Trump’s trip with Prime Minister Sanae Takaichi. Tensions also linger after a U.S. immigration raid at a Hyundai plant. As Trump eyes meetings with Xi and possibly Kim, North Korea fired cruise missiles.

Prepared by Christopher Adams and reviewed by editorial team.