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Donald Trump announces South Korea's billion-dollar investments

The US president is talking about a gas power plant, eight nuclear power plants and a gas pipeline. South Korea is watering down the announcement, but it is clear that Asia's American allies are paying a lot for low tariffs and their alliances.

Translated from German Read in German

nzz.ch ·2026-10-01

Donald Trump announces South Korea's billion-dollar investments

US-Präsident Donald Trump has announced a multi-billion dollar investment in South Korea, including a massive gas-fired power plant, eight nuclear reactors, and a gas pipeline. Seoul swiftly dismissed the claims, but acknowledged that the $200 billion package is significant. The project aims to enhance energy security and strengthen the alliance between the two nations ahead of the November congressional elections.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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