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flag South Korea passed a law to invest $350 billion in the U.S. to reduce tariffs, focusing on semiconductors and shipbuilding.

flag South Korea’s parliament passed a law on March 12, 2026, to implement a $350 billion investment pledge to the U.S., made in November 2025 to avoid higher tariffs. flag The agreement, which lowers tariffs from 25% to 15%, includes $200 billion in strategic industries like semiconductors and $150 billion in shipbuilding. flag A state-backed corporation with $1.4 billion in capital will oversee investments, capped at $20 billion annually to protect foreign reserves. flag Projects require commercial viability, with exceptions possible for national security. flag The law passed 226 to 8, amid concerns over oversight and economic vulnerability, following U.S. trade pressure and investigations.

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