South Korea agreed to launch $200 billion in new U.S. energy and power investments, President Donald Trump said in a Truth Social post after meeting President Lee Jae Myung in New York.
Trump wrote that the investments fall under a $350 billion Korea Strategic Trade and Investment Deal he reached with Lee last year. The projects will turn South Korea’s investment commitments into construction work and create “tens of thousands” of American jobs, he said.
The largest piece is a $120 billion nuclear power program to build eight large-scale reactors in the United States, according to the post. Six would be Westinghouse AP1000 reactors and two would be Korean APR-1400 reactors.
The two countries also agreed to begin working together on the $50 billion Alaska LNG Project, Trump wrote. He said the project would create new gas infrastructure and deliver “transformational change” for Alaskans.
A third project named in the post is a $22 billion, 6.4-gigawatt natural gas-fired power plant in Encinal, Texas.
Trump described the projects as support for what he called trillions of dollars in investment that has entered the United States under his administration, including in advanced manufacturing and semiconductors. He wrote that the deals are “driven by our Trade Deals.”
The three projects listed in the post total $192 billion. The post did not account for the remaining amount, and it did not give construction timelines, reactor sites or financing details.
The investment figures and job estimates come from Trump’s post. No statement from Lee or the South Korean government was available to independently confirm the agreement.
