South Korea Passes US Investment Bill as Trump Starts New Probe

South Korea’s parliament approved a special bill required to implement a pledge to invest $350 billion in the US — hours after President Donald Trump’s administration sought new legal grounds for tariffs on Seoul.

The bill passed the National Assembly in a plenary vote Thursday after receiving unanimous approval from a special parliamentary committee and clearing the judiciary committee earlier this week. The bill paves the way for the creation of a new state-run vehicle to oversee investment projects tied to last year’s trade agreement with Washington.