[South Korea-U.S. Strategic Investment Act Submitted to Congress, U.S. Lowers Tariffs on South Korean Automobiles to 15%] South Korea's Democratic Party of Korea has submitted the 'South Korea-U.S. Strategic Investment Management Special Act' to Congress, aiming to establish a South Korea-U.S. strategic investment fund and management institution. According to a previous agreement, U.S. tariffs on South Korean automobiles and parts have been reduced to 15% starting from the 1st of this month. (CCTV News)