The law implements a trade agreement for South Korea to invest US$200 billion in US strategic industries and US$150 billion in shipbuilding-related cooperation in return for more favourable tariff terms. SEOUL: South Korea's parliament passed a special Bill on Thursday (Mar 12) to pave the way for Seoul's US$350 billion investment commitments in strategic US industries under a trade deal struck last year. The law implements a trade agreement signed in November under which South Korea agreed to