South Korea's $350 billion U.S. investment plan faces pressure over timing and tariffs

South Korea is under mounting U.S. pressure to accelerate a $350 billion investment package agreed last year, while Seoul moves to elevate Deputy Trade Minister Park Jung-sung as Trade, Industry and Energy Minister Kim Jung-kwan negotiates in Washington on the first U.S.-bound project. Kim's meetings with U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer and White House budget director Russell Vought covered project timing, Section 301 tariff and probe issues, and shipbuilding cooperation tied to President Donald Trump's industrial rebuilding plan. The package comprises $200 billion in strategic investment and $150 billion in shipbuilding investment; Seoul says reports that semiconductors are the first candidate project are inaccurate. South Korea already faces a 12.5% U.S. tariff under a Section 301 forced-labor measure and is awaiting expected month-end findings in a separate Section 301 investigation into alleged excess industrial capacity.

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