Yeo Han-goo, Head of Trade Negotiation Headquarters: “Timely Passage of the Special Law on Investment in the US is Very Important”
Yeo Han-goo emphasized the urgency of passing the Special Law on Investment in the US in a timely manner during a recent National Assembly meeting.
On April 4th, Yeo Han-goo, the Head of Trade Negotiation Headquarters at the Ministry of Trade, Industry and Energy, spoke at a meeting of the Special Committee on Investment in the US held in the National Assembly. He stressed the critical importance of the timely passage of the Special Law on Investment in the US, highlighting that various tariff policies are underway in the United States following a Supreme Court ruling. Yeo pointed out that this situation is shaking the international trade order, which necessitates an accurate explanation of South Korea’s policy intent to the US side to avoid misunderstandings.
During the meeting, which was organized by the Korea-US Parliamentary Alliance, Yeo also referenced concerns regarding the online platform regulation laws currently under discussion in the National Assembly, which have attracted sensitive reactions from the US. He indicated that clarifying South Korea's position is vital to prevent the US from perceiving these regulations as non-tariff barriers that could negatively impact companies like Coupang.
Following the closed-door session of the meeting, Yeo continued to emphasize the importance of processing the Special Law on Investment in the US swiftly. Afterward, Democratic Party lawmaker Kim Young-bae, who is the secretary of the Korea-US Parliamentary Alliance, reported to reporters that the government has made a strong request that the special law be passed without delay, underscoring the political urgency surrounding the issue.