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

On Wednesday, U.S. President Donald Trump claimed that South Korea would invest $50 billion into a massive liquefied natural gas (LNG) project in Alaska as part of an investment agreement between the two nations. This significant infrastructure investment was highlighted by Trump during a campaign rally in Alaska on Tuesday. The $50 billion commitment is outlined in the trade and investment deal between the United States and South Korea.

However, Trump's assertion of South Korea's commitment to the Alaska LNG project has been met with skepticism, as Seoul has stated that its participation is contingent upon a commercial viability review. Despite this uncertainty, Trump reiterated his claim that South Korea is fully dedicated to the project.

In addition to South Korea's investment, Trump announced that Taiwan would be contributing $4.4 billion in equity to the Alaska LNG project, calling it "the greatest project in Alaska history." According to White House Press Secretary Katie Zacharia, the total investment related to the Alaska LNG project, as part of a South Korean energy investment package, amounted to $54 billion.

Furthermore, President Trump unveiled an energy investment package from South Korea worth up to $200 billion, further emphasizing the substantial investment the South Korean government plans to make in the United States.