South Korea Approves Decree on $350 Billion US Investment Deal

South Korean President Lee Jae Myung attends a press conference to mark the first anniversary of his inauguration at the Blue House in Seoul on June 8, 2026. Chung Sung-Jun/AFPSouth 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.