[2025 Audit] Koo Yoonchul: "Special Law for U.S.-Bound Investment to Be Prepared Swiftly"

Deputy Prime Minister and Minister of Economy and Finance Koo Yoonchul stated at the National Assembly's Planning and Finance Committee audit on the 30th, "In order to implement the terms agreed upon in the Korea-U.S. customs negotiations, it is necessary to enact a special law to establish a financial package fund, among other measures." He added, "The government will promptly prepare the bill and submit it to the National Assembly."

Koo Yoonchul, Deputy Prime Minister for Economy and Minister of Economy and Finance, is responding to questions from lawmakers at the National Assembly's Planning and Finance Committee audit held on the 14th. 2025.10.14 Photo by Kim Hyunmin

On this day, Deputy Prime Minister Koo requested the National Assembly's cooperation in implementing the agreements reached between Korea and the United States, explaining that a special law is required to establish a fund for U.S.-bound investment. He said, "The government has continued intense follow-up consultations with the U.S. government, prioritizing the national interest, and as a result of the concerted efforts of the Office of the President and relevant ministries, a concrete agreement was reached yesterday during the Korea-U.S. summit." The previous day, the two countries agreed on a financial package worth 50 billion dollars.

Deputy Prime Minister Koo emphasized, "With the conclusion of these negotiations, uncertainties surrounding exports to the U.S. will be alleviated, and by securing tariff rates on par with major countries such as Japan and the European Union, we will help Korean companies expand their presence and market share in the U.S. market." He added, "In the process of implementing the financial package project, direct investment in the U.S. by Korean companies, based on their demand, will also further increase."

He assessed that the impact on the foreign exchange market would be limited. "The annual limit of 20 billion dollars is a ceiling, and there is room for adjustment in the event of market instability," he explained, adding that the actual burden on the foreign exchange market during the implementation of the agreement would be limited. He also stated, "The investment commitment is set until January 2029, which coincides with the end of the Trump administration's term."