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South Korea’s top firms pledged billions in local investments after a U.S. trade deal eased tariffs on cars and chips.
South Korean companies, including Samsung, Hyundai Motor Group, and SK Group, have announced expanded domestic investments following a new U.S.-South Korea trade agreement aimed at avoiding steep tariffs.
The deal requires South Korea to invest $350 billion in U.S. industries, with firms pledging billions in local spending for semiconductor production, R&D, and infrastructure.
In return, the U.S. will reduce tariffs on South Korean vehicles and auto parts and offer favorable treatment to South Korean semiconductors.
The agreement seeks to balance international commitments with domestic economic stability.
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Las principales firmas de Corea del Sur prometieron miles de millones en inversiones locales después de que un acuerdo comercial de Estados Unidos aliviara los aranceles a los automóviles y los chips.