GSM gold starGSM Global
中文版 · Chinese

Trump Announces $200 Billion South Korean Energy Investment Plan for the U.S.

Thursday, October 1, 2026 · World News · GSM News

President Trump announced at the White House on Sept 30, alongside Commerce Secretary Lutnick, that South Korea's government will invest nearly $200 billion of sovereign funds in U.S. energy infrastructure — "one of the largest energy infrastructure investments in American history," creating tens of thousands of American jobs. The plan covers three projects: $120 billion for eight large nuclear reactors across Ohio, Tennessee, South Carolina and Kentucky; a $22.3 billion 6.4-gigawatt gas power plant in Encinal, Texas; and the long-planned Alaska LNG pipeline. Lutnick said the projects are fully financed by the Korean government "for the benefit of the United States," linked to the 15% tariff agreement. Seoul later cooled expectations: President Lee Jae-myung said participation in the Alaska LNG project depends on financial viability and legal compliance, with no final decision yet. The package is the first batch under the 2025 U.S.-Korea $350 billion trade agreement.

Published by GSM · USA (original Chinese edition)

Photo: 图:美国佐治亚州沃格特尔(Vogtle)核电站冷却塔。摄影:Goodmapd/Saibo,公有领域,来源:Wikimedia Commons

Latest in World News