South Korea finance minister to review US investment projects before bill passes parliament

SEOUL, Feb 10 (Reuters) - South Korean Finance Minister Koo Yun-cheol said on Tuesday that the government will establish a system to conduct preliminary reviews of U.S. investment projects, before a bill tied to Seoul's $350 billion investment commitments is passed by parliament.

Here are some details:

• U.S. President Donald Trump threatened in late January that tariffs on South Korean goods would be raised back to 25% from 15%, accusing Seoul of failing to legislate a trade deal agreed last year.

• South Korea's parliament voted on Monday to form a special committee to accelerate legislation tied to Seoul's investment commitments in the U.S. under the trade deal.

• Koo said the system to conduct preliminary reviews of U.S. investment projects is to prevent unnecessary misunderstandings between South Korea and the U.S.

• Koo said any final decision on investment projects to be based on comprehensive review of commercial feasibility, foreign exchange market conditions.