Trump could announce Korea's investment projects as early as Wednesday: report
WASHINGTO — U.S. President Donald Trump could announce Korea's investment projects in the United States, including a liquefied natural gas (LNG) project in Alaska, under last year's bilateral trade agreement, as early as Wednesday, according to a news report. Reuters reported Tuesday that Trump could announce his administration's plans to use Korea's strategic investment fund for several major…
President Donald Trump may announce significant Korea investment projects in the United States, including a liquefied natural gas (LNG) project in Alaska, as early as Wednesday, according to a Reuters report. The U.S. president could utilize Korea's strategic investment fund for multiple major projects, with an estimated $54 billion allocated to the Alaska LNG project, according to two individuals familiar with the discussions.
Seoul and Washington have been coordinating to unveil these investment projects under the bilateral trade agreement, which obliges the Asian nation to invest $300 billion in the U.S. in exchange for reduced U.S. tariffs on Korean goods. Last week, South Korea's industry ministry briefed the National Assembly on the selection of a large-scale gas-fired power plant in Texas as the initial investment project, according to sources in Seoul.
The ministry further revealed plans for constructing eight large-scale nuclear projects as the second and third investment projects, though specific details remained undisclosed in the report.
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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