President Donald Trump emphasized South Korea's investment in the United States as a foundation for expanding the country's energy infrastructure and fostering advanced industries. In a post on his social media platform Truth Social, Trump highlighted large-scale energy projects, including nuclear power, liquefied natural gas (LNG), and natural gas generation, stating they would enhance U.S. electricity production and support the growth of future industries such as artificial intelligence and semiconductors.
In his post at 8:41 p.m. Korean time (9:41 a.m. October 1), Trump mentioned, "I met with President Lee Jae-myung of South Korea in New York, and we agreed to pursue a new investment of $200 billion in the U.S.!" He added, "We will build America's energy and electricity infrastructure across the country, following the $350 billion strategic trade and investment agreement we signed with President Lee last year."
Trump continued, "We will convert South Korea's investment commitments into large-scale construction projects and tens of thousands of American jobs. This is a massive energy project to expand electricity production facilities in the U.S. New construction, new manufacturing, and great jobs for American workers will be created." He reiterated plans for eight nuclear reactors, including six Westinghouse AP1000 units and two Korean APR-1400 units, totaling $120 billion, a $50 billion Alaska LNG project, and a $22 billion natural gas power project in Texas with a capacity of 6.4 GW.
However, according to a fact sheet released by both countries, while the construction of the eight nuclear reactors and the Texas power project were broadly agreed upon, the Alaska LNG project was only noted as under review, indicating a discrepancy with Trump's announcement.
Trump stated, "These projects are the kind that can change America for generations to come," adding, "More power, more construction, more manufacturing, stronger energy security, and new great opportunities for American workers." He also mentioned that these projects would support the trillions of dollars in investments that have flowed into the U.S. since his administration began, including investments in advanced manufacturing, semiconductors, and key future industries. "We are building these production facilities right here in America, and the projects announced today will contribute to supplying the power America needs for generations to come," he elaborated.
Trump's classification of these projects as essential for expanding the power infrastructure needed for future industries like advanced manufacturing and semiconductors suggests that he views South Korean investment not merely as capital inflow but as a foundational investment to enhance U.S. industrial production capacity.
He emphasized, "These agreements are being pursued based on our trade agreements. Real investments, real projects, real production facilities, and real jobs are being created in America. America is building again!"
Additionally, Trump posted the same message regarding South Korean investment twice on his social media platform.
* This article has been translated by AI.
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