Trump unveils $200bn Korean investment in US; Seoul hedges on Alaska pipeline

US President Donald Trump announced on Wednesday that South Korea would invest $200 billion in US projects as part of a broader $350 billion strategic investment package agreed upon last year. The package includes $150 billion for shipbuilding and $200 billion for other strategic investments, such as the construction of eight large-scale nuclear power plants, a natural gas pipeline, and a 6-gigawatt power generation facility in Texas.

However, Seoul quickly clarified that the $54 billion pipeline for an LNG project in Alaska is not yet set in stone, pending the meeting of certain commercial and legal conditions. The pipeline project could have political significance in Alaska, where Republican Senator Dan Sullivan is facing a competitive reelection race against Democrat Mary Peltola.

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