Overview
- A bipartisan special committee unanimously approved the bill text on March 9, with a National Assembly vote targeted for March 12.
- The measure would create a state-backed Korea–U.S. Strategic Investment Corporation with 2 trillion won in paid-in capital, about 50 staff and an experienced three-member board.
- The industry ministry plans a dedicated team to select projects with clear commercial returns, citing low-risk shipbuilding cooperation through loans and credit guarantees as examples.
- Lawmakers removed a provision that could have pressed private companies to contribute to the fund and added reporting and committee-approval requirements for certain non-commercial investments.
- Officials flagged currency and feasibility risks while noting that, despite a U.S. Supreme Court ruling curbing earlier tariffs, Washington has maintained leverage and previously threatened higher duties.