South Korea’s National Assembly has agreed to finalise legislation by March 9 that will enable investments in the United States under a bilateral trade arrangement, according to statements from both the ruling party and the main opposition on Wednesday.

The bill is a key component of Seoul’s broader economic cooperation framework with Washington and is designed to facilitate South Korean participation in a U.S.-focused investment fund. Lawmakers say the measure aims to strengthen trade ties, expand cross-border investment opportunities, and provide South Korean firms with greater access to strategic sectors of the U.S. economy.

Agreement between rival parties to fast-track the legislation signals rare bipartisan consensus on the importance of maintaining strong economic relations with the United States, South Korea’s closest security ally and a major trading partner. Officials have framed the move as part of efforts to stabilise supply chains, encourage overseas investment, and protect South Korean industries amid shifting global trade dynamics.

The legislation comes at a time of heightened scrutiny over international investment flows, particularly in technology, energy, and manufacturing. Analysts note that finalising the bill on schedule would send a positive signal to markets and reinforce South Korea’s commitment to deepening economic cooperation with Washington.

If approved, the law is expected to pave the way for new investment vehicles and joint projects, further anchoring U.S.–South Korea economic relations in an increasingly competitive global environment.