South Korea to brief lawmakers on US investment package amid profitability concerns

South Korea's Industry Ministry due to brief parliament on $350 billion US investment package Terms for $200 billion in strategic investments have yet to be finalised President Lee has said commercial viability was a sticking point in project-level talks Possible projects include Texas gas power, U.S. reactors, Westinghouse stake and Alaska LNG By Joyce Lee SEOUL, Sept 22 (Reuters) — South Korea's government is due to brief lawmakers on Tuesday on plans for a $350 billion US investment package, a key step as Seoul and Washington seek to finalise implementation of a trade deal that cut US tariffs on South Korean goods to 15%. The Industry Ministry's briefing to the National Assembly's trade committee was postponed last week while negotiators sought to bridge differences between US and South Korean demands, officials and media reports said. A parliamentary schedule showed lawmakers would be briefed at 9:30 a.m. (0030 GMT) on Tuesday. Lawmakers have described the briefing as one of the final steps before the two allies can agree terms and make a formal announcement. The investment commitment was made under a trade agreement struck last year under which Seoul pledged to invest in US.