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South Korean lawmakers pass law to manage Seoul’s pledge of $350 billion in US investments
The law creates a public corporation to oversee $350 billion in U.S. investments, allocating $200 billion to strategic sectors and $150 billion to shipbuilding, aiming to reduce tariff risks, lawmakers said.
- South Korean lawmakers passed a law to establish a public corporation to manage Seoul's pledge of $350 billion in US investments.
- The investment comprises $150 billion toward shipbuilding and $200 billion for strategic sectors, capped at $20 billion a year.
- The law passed 226 to 8 amid pressure from the Trump administration over trade negotiations.
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36 Articles
36 Articles
South Korea Passes $350B US Investment Law to Avoid Tariffs
·Washington, United States
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SOUTH KOREA PASSES LAW TO ENFORCE $350BN INVESTMENT IN UNITED STATES
Emirates 24/7 — South Korea's parliament passed a special bill on Friday mandating Seoul to fulfill its pledge to invest $350 billion in the United States. The move comes just hours after U.S. President Donald Trump's administration announced it is seeking new legal grounds to impose tariffs on South Korea and other nations, following a U.S. Supreme Court ruling that invalidated Trump’s previous executive decisions on import tariffs.The bill, ap…
·Dubai, United Arab Emirates (the)
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South Korean lawmakers pass law to manage Seoul’s pledge of $350 billion in U.S. investments
SEOUL, South Korea — South Korean lawmakers on Thursday passed a law to implement a pledge of $350 billion in U.S. investments Seoul made last year to avoid the Trump administration’s highest tariffs. Read more...
·Vancouver, United States
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Coverage Details
Total News Sources36
Leaning Left5Leaning Right7Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 19%
C 54%
R 27%
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