Trump set to unveil South Korea’s $200 billion US investment plan, including $54 billion for Alaska LNG
President Donald Trump is expected to announce South Korea's plan to invest about $200 billion in the US, including $54 billion for the Alaska LNG project. The announcement is expected Wednesday in the Oval Office and represents a first tranche of projects under last year's US-South Korea trade deal, which included a $350 billion investment pledge. The Alaska LNG project, developed by Glenfarne Group, has preliminary agreements with LNG importers but has not made a final investment decision.
Why it matters: The announcement illustrates the trade and investment theme, as a bilateral trade deal underpins South Korean capital for a US energy project.