The South Korean National Assembly has decided to continue with the planned review of the Special Investment Law for the United States, even after the US Supreme Court ruled that the mutual tariffs imposed by the Trump administration were unlawful. Kim Sang-hoon, a member of the ruling People Power Party and chair of the special committee regarding US investment, asserted that the US Supreme Court's ruling does not alter the requirements for South Korea's investments in the US. He emphasized that uncertainties regarding export conditions persist, warranting a public hearing scheduled for the 24th to gather insights from relevant government departments and industry stakeholders regarding the ruling.

This context comes just a day after the US Supreme Court issued its decision with a 6-3 majority, stating that the tariffs implemented under the Trump administration were in violation of legal standards. Nevertheless, major political parties in South Korea have agreed to keep their original timeline and conduct a public legislative hearing regarding the special investment law, gathering opinions from affected sectors, including various industries and governmental organizations. This will ultimately assist in framing legislative actions that are expected to be addressed in the National Assembly by early next month.

The legislative committee's activities to review this special investment law are set to conclude by the 9th of next month, with plans for a parliamentary session to finalize the legislation in just five days following the public hearings. The upcoming finance and economy committee meeting on the 23rd is also expected to touch on the implications of the recent US Supreme Court ruling. South Korea's legislative response indicates the country's continued focus on fostering US investments, irrespective of the judicial setbacks pertaining to tariffs, reflecting the complex interplay between international law and domestic legislative agendas.