South Korea to Fast-Track Special Bill on U.S. Investment Amid Tariff Pressure

South Korea's Ministry of Finance stated it will urge the National Assembly to swiftly pass a special bill supporting Korean companies' investments in the United States and maintain close communication with the U.S. government. This move aims to respond to recent announcements by U.S. President Trump to raise reciprocal tariffs on South Korea and increase auto tariffs. The ministry said South Korea is currently working to understand the specific intentions behind the U.S. measures and plans to inform the U.S. side about the progress of the bill’s deliberation in the National Assembly to secure a favorable trade environment.