U.S. pressing Seoul to expand investment beyond promised US$350 bln: lawmaker
SEOUL, Sept. 8 (Yonhap) -- Washington is pressuring South Korea to commit more t...
U.S. officials are urging South Korea to go beyond its initial commitment of $350 billion in investments as part of their bilateral tariff agreement, according to a lawmaker who cited a trade ministry report. The initial pledge, made by South Korea in late 2025, was contingent upon a reduction in U.S. tariffs on South Korean goods.
The investment package includes a $200 billion commitment to strategic industries and another $150 billion earmarked for the U.S. shipbuilding sector. During the most recent negotiations, the focus was on three major energy infrastructure projects in the $200 billion investment - a significant natural gas facility in Texas, a nuclear reactor initiative, and the creation of a natural gas pipeline in Alaska.
The U.S. team is currently deliberating on whether to proceed with two of these projects or to modify the investment amounts for each of them, with the total U.S. demand for all three projects potentially surpassing the initial $200 billion commitment.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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