South Korean PM convenes key officials on US investment bill amid tariff threats

Prime Minister Kim Min-seok will meet top presidential aides and the ruling party leader Sunday to strategize on passing a special bill fulfilling South Korea's US investment pledges, building on recent trade ministry visits to Washington and an opposition agreement for a special committee.

Prime Minister Kim Min-seok will hold a meeting at 5 p.m. Sunday at his central Seoul residence with President Lee Jae-myung's chief of staff Kang Hoon-sik, Democratic Party leader Rep. Jung Chung-rae, and presidential political affairs secretary Hong Ik-pyo.

The discussions will review insights from Trade Minister Yeo Han-koo's recent weeklong US trip—where he met US officials and lawmakers to reaffirm commitments—and outline strategies to expedite the special bill's passage following last week's opposition agreement to form a special committee. The bill implements South Korea's $350 billion investment pledges to the US, aimed at averting President Donald Trump's threatened tariff hikes on Korean autos, lumber, pharmaceuticals, and reciprocal duties.

The agenda also addresses easing restrictions on dawn delivery services for large discount chains. The ruling party recently proposed legislation allowing 24/7 online operations for overnight services to balance offline and e-commerce interests, despite opposition from labor groups concerned about extended night shifts.

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South Korean Finance Minister at press conference announcing preliminary reviews of US investment projects amid trade tensions and tariff threats.
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South Korea to begin preliminary review of US investment projects amid legislative process

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South Korea will begin preliminary reviews of potential investment projects in the United States as its National Assembly prepares legislation to implement investment pledges under a trade deal. Finance Minister Koo Yun-cheol emphasized the need to avoid misunderstandings with the US during this process. The move comes amid threats of higher tariffs from Washington.

South Korea's ruling Democratic Party and main opposition People Power Party agreed to expedite passage of a special US investment bill in the national interest. The legislation, aimed at implementing a trade deal with the United States, is set for a vote in a plenary session on March 12. The agreement comes amid threats from US President Donald Trump to raise tariffs on Korean goods.

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President Lee Jae Myung will host a luncheon on Thursday with leaders of the ruling Democratic Party and main opposition People Power Party at Cheong Wa Dae to discuss bipartisan cooperation on the economy and other pending issues. Presidential chief of staff Kang Hoon-sik said the meeting aims to improve people's livelihoods and ensure stable governance. Possible topics include ongoing trade negotiations with the United States and a special investment bill.

South Korean Prime Minister Kim Min-seok met with U.S. President Donald Trump at the White House in Washington on March 13, 2026, for a 20-minute talk. Trump expressed positivity about resuming dialogue with North Korean leader Kim Jong-un but left the timing open. The two also discussed bilateral trade and investment issues.

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South Korea's Industry Minister Kim Jung-kwan held a second day of tariff talks with U.S. Commerce Secretary Howard Lutnick in Washington on January 30, 2026, but again failed to reach an agreement. Following Friday's initial meeting—which also ended without a deal—the discussions deepened mutual understanding, though Kim said more talks are needed.

South Korea's Foreign Minister Cho Hyun held talks with U.S. Secretary of State Marco Rubio in Washington on February 3, following anticipation announced earlier this week. Amid President Trump's tariff hike threats over delays in a bilateral trade deal, the diplomats reaffirmed cooperation on nuclear submarines, shipbuilding, North Korea denuclearization, and investments.

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South Korean Prime Minister Kim Min-seok proposed on Friday that the United States send a special envoy to North Korea to improve relations between Washington and Pyongyang during talks with U.S. Vice President JD Vance. The meeting also addressed South Korea's probe into a massive customer data leak at Coupang, with both sides agreeing to manage the issue to avoid misunderstandings. This marks Kim's first overseas trip since becoming prime minister.

 

 

 

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