The National Assembly on Monday established a special committee to handle legislation aimed at implementing South Korea's investment pledges to the United States under a trade deal between the two nations.
During a plenary session, the Assembly approved a resolution with bipartisan support to form the committee to deal with the special bill on U.S. investment.
The move came after Trump threatened to raise reciprocal tariffs on South Korean goods back to 25 percent from 15 percent last month, citing a delay in Seoul's legislative process to pass the bill facilitating the implementation of the trade deal.
The bill was introduced by the ruling Democratic Party (DP) last November to carry out Seoul's investment pledges to the U.S. as part of a trade deal reached by the two countries last year.
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