What Korea investment projects could Trump announce on Wednesday?

Trump could announce Korea’s U.S. investment projects, including the Alaska LNG project, as early as Wednesday. The White House schedule lists an announcement with Commerce Secretary Howard Lutnick in the Oval Office at 3:30 p.m. Washington time.

Why is Korea investing in U.S. projects under this trade agreement?

The investment is part of a bilateral trade deal in which Korea committed $350 billion to the United States in return for lower U.S. tariffs on Korean goods. Seoul and Washington have been coordinating how to announce the projects.

What other projects are included in Korea’s U.S. investment plan besides Alaska LNG?

Seoul’s industry ministry said the first project was a large-scale gas-fired power plant in Texas. It also reported plans for eight large-scale nuclear reactors in the United States as the second and third projects.

Trump could announce Korea's investment projects as early as Wednesday: report

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Summary

U.S. President Donald Trump could announce Korea’s investment projects in the United States in Washington as early as Wednesday. Reuters said the plans could include about $54 billion for an Alaska LNG project. The White House has scheduled Trump to make an announcement with Commerce Secretary Howard Lutnick at 3:30 p.m. Washington time. Seoul and Washington are coordinating on projects under a trade agreement tied to Korea’s $350 billion U.S. investment commitment.

Key Facts

The trade agreement requires Korea to invest $350 billion in the United States in exchange for lower U.S. tariffs on Korean goods.
Reuters said the Alaska LNG project could receive approximately $54 billion from Korea’s strategic investment fund.
Last week, Seoul’s industry ministry told the National Assembly that the first project chosen was a large-scale gas-fired power plant in Texas.
The ministry also said the second and third projects would involve eight large-scale nuclear reactors in the United States and an LNG project in Alaska.

By Yonhap

Published Sep 30, 2026 7:55 am KST
Updated Sep 30, 2026 12:03 pm KST

U.S. President Donald Trump speaks to reporters at the White House in Washington, Tuesday (local time), after meeting with top executives of AI firms. AP-Yonhap

WASHINGTON — U.S. President Donald Trump could announce Korea's investment projects in the United States, including a liquefied natural gas (LNG) project in Alaska, under last year's bilateral trade agreement, as early as Wednesday, according to a news report.

Reuters reported Tuesday that Trump could announce his administration's plans to use Korea's strategic investment fund for several major projects, including approximately $54 billion for the Alaska LNG project. It cited two people familiar with the discussions.

Following the report, the White House released a press schedule for Wednesday, which included a plan for Trump to make an announcement with Commerce Secretary Howard Lutnick in the Oval Office at 3:30 p.m. (Washington time), heightening expectations for his possible announcement on Korea's investment projects.

Seoul and Washington have been in coordination to announce the investment projects under the trade agreement that committed the Asian country to investing $350 billion in the U.S. in return for lower U.S. tariffs on Korean goods.

Last week, Seoul's industry ministry reported to the National Assembly that the two countries have chosen the construction of a large-scale gas-fired power plant in Texas as the first investment project, according to sources in Seoul.

As for the second and third projects, the ministry reported plans for the construction of eight large-scale nuclear reactors in the U.S. and for an LNG project in Alaska.

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