Former U.S. President Donald Trump posted on Truth Social that he met with South Korean President Lee Jae-myung in New York, and they agreed to initiate $200 billion in new investments in the United States. This investment will be used to build U.S. energy and power infrastructure and is part of the $350 billion "Korean Strategic Trade and Investment Agreement" he reached with Lee Jae-myung last year.
Specific projects include:
1. A $120 billion nuclear power program to build eight large nuclear reactors in the United States, including six Westinghouse AP1000 reactors and two Korean APR-1400 reactors.
2. A $50 billion Alaska liquefied natural gas (LNG) project aimed at developing Alaska's vast resources and building new U.S. natural gas infrastructure.
3. A $22 billion, 6.4-gigawatt Encinal natural gas power project in Texas, which will bring significant new reliable power capacity to Texas.
Trump: Met with South Korean President Lee Jae-myung, both sides agreed to launch $200 billion in new investments in the U.S.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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