Mar 4 • 11:46 UTC 🇰🇷 Korea Hankyoreh (KR)

The ruling and opposition parties join hands after a long time... Agreement to process the Special Act on U.S. Investment at the National Assembly on the 12th

The ruling and opposition parties in South Korea have reached an agreement to process the Special Act on U.S. Investment at the National Assembly on the 12th, addressing legal backing for U.S. investments amid international tensions.

On April 4th, South Korea's ruling Democratic Party and the opposition People Power Party agreed to process the Special Act on U.S. Investment, which aims to legally support U.S.-led investments, during the National Assembly session on April 12. This legislative move comes as a response to increasing geopolitical tensions fueled by the ongoing conflict between the U.S. and Iran, prompting both parties to seek swift legislative action for the nation’s interests. Democratic Party's floor leader Cheon Jun-ho noted that they were informed by the opposition floor leader Yoo Sang-bum that the bill's examination would be completed by April 9, paving the way for its consideration in the upcoming session.

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