Trump unveils $200 billion South Korean investment in U.S. projects
Trump said the investment will include the construction of nuclear power plants, an LNG pipeline in Alaska and a power generation facility in Texas.
President Donald Trump revealed on Wednesday that South Korea intends to invest $200 billion in U.S. projects, as part of a broader $350 billion strategic investment package signed last year. This figure includes $54 billion allocated for the construction of the Alaska liquefied natural gas project, a long-awaited initiative. The announcement was made in the Oval Office, marking the first batch of major projects under the strategic investment agreement between Washington and South Korea.
The $200 billion allocation comprises $150 billion for shipbuilding and the remaining $200 billion for strategic investments. "Thanks to the agreements my administration has secured with the Republic of Korea, they will invest up to $200 billion," Trump stated.
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