09-February-2026
Economy News
 
South Korea Parliament Forms Committee to Fast-Track US Investment Legislation
09-Feb-2026

South Korea's parliament voted on Monday to form a special committee to accelerate legislation tied to Seoul's $350 billion investment commitments in the United States under a trade agreement between the countries. The committee's launch follows U.S. President Donald Trump's abrupt announcement in late January that tariffs on South Korean autos, pharmaceuticals, lumber and other goods would be raised back to 25% from 15%, accusing Seoul of failing to legislate a trade deal agreed last year.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-09/south-korea-parliament-forms-committee-to-fast-track-us-investment-legislation