South Korea’s cabinet on June 9 passed a presidential decree needed to begin implementing the 2025 trade agreement between the United States and the East Asian nation, aimed at facilitating reciprocal trade.
It was the final step needed to formalize the Special Act for Korea-U.S. Strategic Investment Management, which was passed by the legislature in March. The law orders the creation of a state-backed investment corporation to implement the trade agreement.
According to South Korea’s Ministry of Finance and Economy, the decree defines the term “commercial viability” that was a project requirement in the agreement. It will require that a project generate enough revenue to cover the principal and interest of the South Korean investment….
South Korea Approves Decree on $350 Billion US Investment Deal
