EAM Jaishankar to lead Indian delegation at UN General Assembly
Bangladesh Prime Minister Tarique Rahman will address the general debate on September 24, followed by Pakistan Prime Minister Shehbaz Sharif the next day
Seoul will present the National Assembly with details about the inaugural US investment venture under the South Korea-US $350 billion pact next week, officials disclosed on Sunday. The Ministry of Industry will conduct an exclusive briefing for the National Assembly's committees focused on trade, industry, energy, small and medium-sized enterprises, and startups at 9:30 a.m. on Tuesday.
The agreement, reached following the summit between President Lee Jae Myung and U.S. President Donald Trump, mandates South Korea to invest $350 billion in the United States, including $150 billion for shipbuilding cooperation, in exchange for reduced U.S. tariffs. Although the first project announcement was initially slated for Friday, it was postponed while differences were resolved.
The briefing will either present the final outcome if negotiations conclude by then or serve as an interim report if negotiations are still ongoing. If the outcome impacts South Korea unfavorably, lawmakers will assess the specifics and debate the necessity of parliamentary approval. The National Assembly's finance committee is also deliberating on the scheduling of a separate briefing, either before or after the industry committee's meeting on Tuesday.
The government anticipates providing comprehensive plans for potential energy projects, such as a substantial gas-fired power plant in Texas and nuclear power initiatives. Negotiators are locked in disagreement over safeguarding commercial viability, with South Korea demanding the ability to adjust or halt investments if they prove economically unfeasible or pose unforeseen risks.
In contrast, the U.S. resists these safeguards and pushes for expediting certain projects. Both sides are grappling with the issue, jeopardizing the talks' success.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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