South Korea pushes back on Alaska LNG after Trump touts $200 billion investment deal
South Korean President Lee Jae Myung said participation in the Alaska LNG project depends on financial viability and legal compliance
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), expressed optimism over the United States' President Donald Trump's announcement of Korea's $54 billion investment in the Alaska liquefied natural gas (LNG) project. He viewed it as a positive sign for bilateral economic relations. However, Kim emphasized the need for both governments to address critical commercial and legal aspects of the project.
Kim highlighted the importance of considering investment costs, energy prices, and commercial viability for a project of this magnitude. He stated that questions regarding the timing and coordination of the announcement were matters for the two governments to resolve. The differing perspectives between Washington and Seoul, with the former presenting the $54 billion figure as a Korean investment commitment, have garnered attention as Seoul has yet to determine the scale, structure, or timing of any potential investment.
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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