South Korea Unlocks $350B U.S. Investments
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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South Korean Parliament Approves Bill for U.S. Investments, Defying Trumps Tariff Threats
A South Korean parliamentary committee has unanimously approved a special bill to unlock $350 billion in U.S. investments, paving the way for a full National Assembly vote on March twelfth. The move comes amid pressure from Washington, including threats from President Donald Trump to raise tariffs on South Korean imports over delays in passing the legislation. The bill, called the Special Act on Investment in the U.S., will create an investment fund and a risk management group to carry out last years agreement, where South Korea boosts spending in shipbuilding and chips in exchange for reduced U.S. tariffs. Top officials in Seoul insist the deal holds strong, even after a U.S. Supreme Court ruling in February that blocked parts of those tariffs, keeping momentum alive for smoother trade ties ahead.
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