South Korea ruling party introduces bill to create fund to finance $350 bln US investment
ReutersNov 26, 2025 12:44 AM
SEOUL, Nov 26 (Reuters) - South Korea's ruling Democratic Party introduced a bill on Wednesday to establish a special fund to finance $350 billion of investment in the U.S. committed under a deal with Washington to cut U.S. tariffs on its exports, the Industry Ministry said.
The bill, which was written in consultation with the government, fulfills the condition for the U.S. to lower tariffs on South Korean autos and automobile parts retroactively to November 1, the ministry said in a statement.
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