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UPDATE 1-S.Korea expects arms, shale gas on U.S. agenda in trade talks

* S.Korea's trade minister min says U.S. may ask shale gas,
arms purchases

* S.Korea-U.S. share need to amend bilateral trade pact
(Adds background)

SEOUL, Oct 13 (Reuters) - South Korea's trade minister Kim
Hyun-chong said on Friday the United States may demand that
Seoul guarantees it will step up arms purchases and imports of
U.S. shale gas if the two countries renegotiate a free trade
agreement.

The comments, made at the parliament, came as Seoul indicted
last week that it was open to talks on amending the
five-year-old bilateral deal, which U.S. President Donald Trump
had threatened to terminate unless it was
renegotiated.

U.S. President Donald Trump said in his tweet last month
that he was allowing Japan and South Korea to buy a
substantially increased amount of highly sophisticated military
equipment from the United States, amid rising tensions with
North Korea.

Last month, Seoul deployed the four remaining launchers of
the U.S. anti-missile system designed to protect against
mounting threats from Pyongyang.

South Korea, the world's second-biggest liquefied natural
gas (LNG) importer after Japan, received its first LNG cargo
under a 20-year supply deal with U.S. exporter Cheniere
in early July through Korea Gas Corp.

Asked about China's trade retaliation against South Korea's
decision to deploy a U.S. anti-missile defence system, Kim said
Korea has not "abandoned" an option to file complaints to the
World Trade Organization (WTO).

China had been taking punitive measures such as restricting
tourism with South Korea against the deployment of the U.S.
Terminal High Altitude Area Defence (THAAD) system as Beijing
worries the system can threaten its security and undermine
regional stability.
(Reporting by Chang-ho Lee; Additional reporting by Hyunjoo
Jin; Writing by Jane Chung; Editing by Simon Cameron-Moore)

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