Over 50 House members accuse South Korea's new left-wing government of attacking US companies, favoring China

House Republicans accuse South Korea’s new government of discriminatory policies that favor China-linked firms and punish U.S. tech companies, raising the prospect of trade friction and policy-driven market risk. Lawmakers warn such actions could inflict up to $1 trillion in combined economic damage over 10 years (including $525 billion to the U.S.), and threaten U.S. firms operating in Korea. Market implications include increased geopolitical and trade-risk premium for technology and supply-chain sensitive assets, potential volatility in US Tech 100 and major tech names (Meta, Nvidia), and renewed focus on KORUS FTA leverage and non-tariff barriers that could affect exports and investor sentiment.