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 reveal Korea's planned investment projects in the United States, such as a liquefied natural gas (LNG) initiative in Alaska, under the terms of last year's bilateral trade agreement, according to a news report. Reuters disclosed on Tuesday that the Trump administration intends to utilize Korea's strategic investment fund for significant endeavors, including roughly $54 billion for the Alaska LNG project. The outlet quoted two individuals familiar with the deliberations.
Seoul and Washington have been collaborating to unveil the investment projects within the trade pact that obligated the Asian nation to invest $300 billion in the U.S. in exchange for reduced U.S. tariffs on Korean products. Last week, South Korea's industry ministry reported to the National Assembly that both countries had selected the development of a large-scale gas-fired power plant in Texas as the initial investment project, based on sources in Seoul.
Regarding the subsequent two projects, the ministry announced intentions for the construction of eight large-scale nuclear facilities.
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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