Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    US growth cut to 0.7% as January core inflation hits 3.1%

    March 16, 2026

    US households feel squeeze despite slower inflation

    March 16, 2026

    Gold climbs 0.7% with weaker dollar, yields lower

    March 13, 2026
    Nevada DiaryNevada Diary
    • Home
    • Contact Us
    • Disclaimer
    • Automotive

      Mercedes-Benz USA unveils 2027 S-Class with MB.OS tech

      January 30, 2026

      Ford issues US recall for Escape Focus Explorer and Lincoln MKC

      January 22, 2026

      New Porsche Cayenne Electric delivers 850kw power and 2.5s acceleration

      November 19, 2025

      Toyota launches major $10B battery facility in North Carolina

      November 14, 2025

      US launches probe into 2.9 million Tesla cars with FSD software

      October 10, 2025
    • Business

      US growth cut to 0.7% as January core inflation hits 3.1%

      March 16, 2026

      US households feel squeeze despite slower inflation

      March 16, 2026

      Gold climbs 0.7% with weaker dollar, yields lower

      March 13, 2026

      US payrolls fall 92000 in February as unemployment rises

      March 7, 2026

      Starbucks to open Nashville office and move Seattle jobs

      March 4, 2026
    • Entertainment

      Sony confirms God of War trilogy remake and PS5 prequel

      February 13, 2026

      Netflix profit hit by Brazil tax charge despite revenue rise

      October 22, 2025

      Marvel’s Fantastic Four opens strong with 57 million dollars

      July 27, 2025

      Disney and Marvel’s R-rated film hits billion-dollar milestone

      August 17, 2024

      Web3 leader Immutable rolls out $50M gaming rewards initiative

      April 27, 2024
    • Health

      Nasal spray vaccine shows broad protection in mice

      February 21, 2026

      Jury links PAM cooking spray to bronchiolitis obliterans

      February 16, 2026

      WHO prequalifies additional nOPV2 vaccine for polio outbreaks

      February 14, 2026

      FDA declines to review Moderna mRNA flu vaccine filing

      February 13, 2026

      FDA classifies recall of 80,000 McCafé decaf K-Cups

      January 27, 2026
    • Lifestyle

      Apple and ISSEY MIYAKE unveil new 3D-knit iPhone Pocket

      November 13, 2025

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023
    • Luxury

      Price hikes and lack of innovation erode luxury market confidence

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      Kilauea eruption closes Hawaii Volcanoes park summit

      March 12, 2026

      Hawaii issues emergency order as Kona storm nears

      March 10, 2026

      24 states sue to block Trump’s 10% global import tariff

      March 7, 2026

      Winter Storm Hernando shuts schools and snarls Northeast travel

      February 24, 2026

      Nine killed in Castle Peak avalanche recovered in Tahoe

      February 23, 2026
    • Sports

      US Mexico Canada pledge coordinated response to drone risks in World Cup

      August 6, 2025

      Russian engineers launch AI robot for athletes’ training

      July 18, 2025

      Italy’s Jannik Sinner wins first Wimbledon men’s singles crown

      July 14, 2025

      Liverpool’s Salah earns top writers’ award for 2025

      May 9, 2025

      Manchester City secures Haaland with unprecedented nine-year contract

      January 18, 2025
    • Technology

      Apple unveils MacBook Pro with M5 Pro and M5 Max chips

      March 4, 2026

      Apple expands iPhone 17 lineup with iPhone 17e

      March 3, 2026

      OpenAI clinches Pentagon deal as Trump drops Anthropic

      February 28, 2026

      Meta signs multiyear AMD AI chip supply agreement

      February 25, 2026

      NASA completes Artemis II wet dress rehearsal at Kennedy

      February 22, 2026
    • Travel

      U.S. inbound travel declined in 2025 even as global tourism rose

      January 28, 2026

      U.S. air travel faces disruption as FAA enforces flight cuts

      November 7, 2025

      Spirit Airlines survival fears hit shares by over 40%

      August 12, 2025

      Only travelers from high-risk nations targeted in US visa bond policy

      August 6, 2025

      Soaring resort fees and luxury pivot hurt Las Vegas tourism appeal

      August 3, 2025
    Nevada DiaryNevada Diary
    Home » Seoul launches special fund for $350bn US investment
    Business

    Seoul launches special fund for $350bn US investment

    November 26, 2025

    SEOUL, Nov. 26, 2025: The Republic of Korea will establish a temporary state-run investment corporation to oversee its US$350 billion investment pledge to the United States, the government announced Wednesday. The move follows the completion of a bilateral tariff agreement between Seoul and Washington finalized last month. The new body, to be called the Korea-US Strategic Investment Corporation, will manage the disbursement and administration of funds linked to the investment over a 20-year period. According to the Ministry of Economy and Finance and the Ministry of Trade, Industry and Energy, the government submitted a special bill authorizing the corporation’s creation under the leadership of the ruling Democratic Party.

    Korea’s $350bn investment commitment marks a milestone in trade relations with the United States. (AI generated image)

    Officials said the corporation will function as a dedicated entity to handle large-scale investments and facilitate coordination between the two governments. Its temporary status, set for up to two decades, is designed to provide flexibility while maintaining strict oversight of fund management and compliance. The initiative stems from the agreement reached on October 29 between President Lee Jae Myung and U.S. President Donald Trump during their summit in Gyeongju. During the meeting, the two sides finalized details of Seoul’s US$350 billion investment commitment, which was made in return for reductions in U.S. tariffs on key Korean exports.

    Under the finalized terms, South Korea will provide US$200 billion in cash installments, with annual contributions capped at US$20 billion. An additional US$150 billion will be designated for bilateral cooperation in the shipbuilding sector, one of the core areas of industrial collaboration between the two countries. In exchange, the U.S. administration agreed to reduce tariffs on Korean automobiles from 25 percent to 15 percent. The tariff reduction will take effect retroactively from the beginning of the month in which the special investment bill is submitted, giving Korean automakers immediate tariff relief upon enactment.

    $350 billion pledge finalized under new tariff deal

    The government said the corporation’s role will be to manage investment flows transparently, ensuring that funds are distributed according to agreed timelines and purposes. The measure is also intended to strengthen procedural accountability through regular reporting and audits. By establishing the Korea-US Strategic Investment Corporation, Seoul aims to ensure administrative clarity in executing one of its largest overseas investment programs to date. The investment package and tariff agreement mark a significant milestone in bilateral economic relations between South Korea and the United States. The arrangement is expected to cover multiple sectors, including manufacturing, shipbuilding, and infrastructure development, aligning with both countries’ existing industrial cooperation frameworks.

    Following the bill’s submission, the corporation is expected to begin operations after legislative approval. The Ministry of Economy and Finance said that once established, the Korea-US Strategic Investment Corporation will begin managing initial capital allocations as early as the first quarter of 2026, in line with budgetary schedules and legal provisions under the special bill. The formation of the corporation reflects the structured approach agreed upon by both governments to handle the substantial scale of the US$350 billion investment. It will operate with a fixed mandate, limited duration, and clearly defined financial authority, ensuring that all funds are directed toward projects formally included in the bilateral agreement.

    Korea and US advance industrial ties under new agreement

    South Korea’s investment initiative represents one of the largest single-nation commitments to the U.S. economy in recent years. Both sides have described the framework as a binding financial and industrial partnership supported by legal and policy mechanisms on each side. Once operational, the Korea-US Strategic Investment Corporation will serve as the official channel for managing all related funding transactions, reporting obligations, and intergovernmental coordination arising from the investment and tariff agreement, ensuring transparency, fiscal accountability, and structured implementation across all approved sectors of cooperation. – By Content Syndication Services.

    Share. Facebook Twitter Pinterest WhatsApp Bluesky LinkedIn Tumblr Reddit Telegram

    Related Posts

    US growth cut to 0.7% as January core inflation hits 3.1%

    March 16, 2026

    US households feel squeeze despite slower inflation

    March 16, 2026

    Gold climbs 0.7% with weaker dollar, yields lower

    March 13, 2026

    US payrolls fall 92000 in February as unemployment rises

    March 7, 2026

    Starbucks to open Nashville office and move Seattle jobs

    March 4, 2026

    Wall Street falls as bank and private equity stocks slide

    February 28, 2026
    Latest News

    US growth cut to 0.7% as January core inflation hits 3.1%

    March 16, 2026

    US households feel squeeze despite slower inflation

    March 16, 2026

    Gold climbs 0.7% with weaker dollar, yields lower

    March 13, 2026

    Kilauea eruption closes Hawaii Volcanoes park summit

    March 12, 2026

    Hawaii issues emergency order as Kona storm nears

    March 10, 2026

    24 states sue to block Trump’s 10% global import tariff

    March 7, 2026

    US payrolls fall 92000 in February as unemployment rises

    March 7, 2026

    Apple unveils MacBook Pro with M5 Pro and M5 Max chips

    March 4, 2026
    © 2026 Nevada Diary | All Rights Reserved
    • Home
    • Contact Us
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.