South Korea parliament to finalise bill on US investment fund by March 9

South Korea's National Assembly has agreed to finalise a bill to make investments in the United States by March 9 under a trade deal between the countries, the ruling and main opposition parties said on Wednesday.

U.S. President Donald Trump threatened last week to hike tariffs on imports from South Korea, blaming a delay in enacting a trade deal in which the Asian ally promised to invest $350 billion in the United States.

A special committee will be set up on February 9 and have the power to draft the bill, which will be finalised by March 9, the two main parties' floor leaders said in a briefing.

South Korea's ruling Democratic Party in November introduced the bill to establish a special fund to finance the investment committed in the U.S. in return for lowering the tariffs to 15% on Korean autos.

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