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South Korea starts early reviews of U.S. investments to secure a $350 billion trade deal and avoid tariffs.
South Korea is launching a preliminary review system for U.S. investment projects ahead of parliamentary approval of a $350 billion trade deal, aiming to prevent delays and avoid potential U.S. tariff hikes.
The move, led by Finance Minister Koo Yun-cheol, allows early assessments of commercial viability and foreign exchange conditions while the special bill is under review.
A parliamentary committee is fast-tracking the legislation, with passage expected by late February.
Final project approvals will depend on the bill’s enactment and ongoing evaluations.
South Korea denies breaching the agreement and plans separate talks to address non-tariff barriers like U.S. meat and digital service access.
Corea del Sur comienza revisiones tempranas de las inversiones estadounidenses para asegurar un acuerdo comercial de $ 350 mil millones y evitar aranceles.