By Yena Park and Jihoon Lee

SEJONG, South Korea (Reuters) -South Korea will take into account Japan’s trade agreement with the United States as a reference as it negotiates final details of its own trade deal struck in late July, the finance minister said on Monday.

“There are pros and cons for us. What is positive is that because we know the outcome of Japan’s negotiations, we can negotiate with the U.S. based on it,” Minister Koo Yun-cheol told a press conference.

President Donald Trump signed an executive order implementing Japan’s trade deal last week, but South Korea is yet to reach a written agreement on the deal struck in July between its team led by Koo and the U.S. leader.

The Japanese deal lowering U.S. tariffs on imports of its cars to 15% from 25% has put South Korean autom

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