Trump claims again Korea to invest in Alaska LNG project under trade deal

President Donald Trump claimed on Wednesday that South Korea would invest $50 billion in a massive liquefied natural gas (LNG) project in Alaska as part of a trade agreement between the two nations. This significant infrastructure investment was announced by Trump during a campaign rally in Alaska, and it was framed as a key component of his visit to the state.

The President emphasized in a follow-up statement on Truth Social that the $50 billion investment was part of a broader trade and investment deal between the United States and South Korea.

Trump's claims about Korean involvement in the Alaska LNG project were not without controversy. Seoul has previously indicated that its participation in the project is contingent upon a thorough evaluation of its commercial viability. Despite this cautionary stance, Trump reiterated his administration's belief in the Korean commitment to the project.

In addition to the $50 billion from South Korea, Trump announced that Taiwan has agreed to invest $4.4 billion in equity into the Alaska LNG project. He described this Taiwanese investment as "the greatest project in Alaska history," underscoring the scale of the investment and the potential economic benefits it could bring to the region.

The White House Press Secretary, Katie Zacharia, confirmed on Tuesday that a total of $54 billion was included in the Alaska LNG project as part of a larger Korean energy investment package. This figure highlights the magnitude of the economic commitment being made by both South Korea and Taiwan in the context of the project.

Trump also took the opportunity to unveil a broader Korea energy investment package, amounting to up to $200 billion in investments in the United States. This announcement further emphasized the Trump administration's efforts to attract significant foreign investment from South Korea and other Asian nations into the U.S. energy sector.