US President Donald Trump said, "South Korea plans to invest up to $200 billion in major energy projects in the US."
US President Donald Trump announced at the White House that South Korea plans to invest up to $200 billion in the United States. Trump stated that the investments will include the construction of a 6-gigawatt power plant in Texas, 8 new large-scale nuclear power plants, and an LNG pipeline in Alaska. He expressed great pleasure in announcing "one of the largest energy infrastructure investments in American history." This investment package is a major step towards securing the US's critical energy supply chain, solidifying the country's dominance in the energy sector, and strengthening its partnership with South Korea and the entire Pacific region more than ever before.
Trump emphasized that South Korea is required to make investments worth hundreds of billions of dollars under the trade agreement, and in return, he has reduced the tariff rate applied to the country. Trump claimed that the natural gas plant to be built in Texas will be 'one of the largest plants ever constructed in the world,' and said, "The 8 new nuclear reactors to be built across the country will also reinforce the US's position as 'the world's leading nuclear energy producer.'"
