US Welcomes Passage of Special Act on Investment in the US, Calls It a Positive Step Toward Fulfilling Trade Agreements

"We Look Forward to the Implementation of Other Trade Issues"

The administration of U.S. President Donald Trump announced on March 13 (local time) that it welcomes the passage of the Special Act on Investment in the United States by the Korean National Assembly.

On March 12, Park Sooyoung, the opposition party whip of the Special Committee for the Passage of the Special Act on Investment to the United States in the National Assembly, provided an explanation of the proposal for the Special Act on Strategic Investment Management between Korea and the United States (Special Act on Investment to the United States) during the plenary session of the March extraordinary National Assembly held at the National Assembly. 2026.3.12

A U.S. government official stated, "Although Korea's investment commitment (the Special Act on Investment in the United States) was delayed, we welcome it as a positive step toward fulfilling our trade agreements."

The official added, "The U.S. administration will continue to monitor all countries' compliance with trade agreements," and continued, "We look forward to Korea fully implementing other trade-related issues agreed to in the joint fact sheet (the agreement reached at last year's Korea-U.S. summit)."

The Special Act on Investment in the United States serves as legal support for the implementation of a U.S.-bound investment of 350 billion dollars (approximately 523 trillion won) under the Korea-U.S. trade agreement. On March 12, the bill was passed at the National Assembly plenary session with 226 votes in favor, 8 against, and 8 abstentions out of 242 lawmakers present.

U.S. President Donald Trump previously raised an issue with the delay in the legislation of Korea's Special Act on Investment in the United States on January 26 and threatened that, in accordance with the Korea-U.S. agreement, tariffs on Korean goods (including reciprocal tariffs and automobile tariffs) that had been reduced would be raised again from 15% to 25%.

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