The National Assembly on Thursday passed a special bill on South Korea's US$350 billion investment pledge to the United States under a trade deal between the two nations, around three months after it was first introduced by the ruling party.
The bill was approved during a plenary session of the Assembly with support from both the ruling Democratic Party (DP) and the main opposition People Power Party (PPP).
Shortly after the bill was passed, President Lee Jae Myung said he will proceed with follow-up measures for the implementation of the legislation without delay.
"I will do my best to ensure that the strategic investment contributes not only to the economic development of both South Korea and the U.S. but also to stability of supply chains and the promotion of national security interests," Lee wrote on his social media account on X.
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