![[Breaking] Special committee formation plan for Special Act on Investment in the U.S. passes National Assembly plenary session - Seoul Economic Daily Politics News from South Korea](/_next/image?url=https%3A%2F%2Fwimg.sedaily.com%2Fnews%2Fcms%2F2026%2F02%2F09%2F9%2Fnews-p.v1.20260209.0fe5a4e25b834f81b1c4d156f1f6f889_P1.jpg&w=3840&q=75 "National Assembly Passes Motion to Form Special Committee on US Investment Bill")
The National Assembly on Thursday approved the formation of a special committee to enact legislation on investment in the United States amid tariff pressure from the Trump administration.
Lawmakers passed the motion to establish a special committee for the Special Act on US Investment (Special Act for Korea-US Strategic Investment Management) with 160 votes in favor, 3 against, and 1 abstention out of 164 members present.
The committee's formation follows an agreement reached last week between the floor leaders of the Democratic Party of Korea and the People Power Party. The committee will comprise 8 members from the Democratic Party, 7 from the People Power Party, and 1 from non-negotiating groups. The People Power Party has reportedly designated Rep. Kim Sang-hoon, a member of the National Assembly's Political Affairs Committee, as committee chairman.
The special committee will operate until March 9, with both parties aiming to pass the legislation by late February or early March.