President Donald Trump announced plans for up to $200 billion in South Korean investments in United States energy projects. These investments, part of a July 2025 trade deal regarding tariffs on South Korean imports, include the construction of eight nuclear power plants, a gas-fired power generation facility in Texas to power AI data centers, and a liquefied natural gas (LNG) export venture in Alaska.
While the administration highlighted a $54 billion investment for the long-planned Alaska LNG pipeline, South Korea has pushed back on the claim. Seoul stated it has not yet finalized its participation and would only agree to the investment if the long-stalled project proves economically feasible. The venture, which has not been formally greenlit by the developer, would deliver Alaskan gas to Asian markets but will take several years to construct.
The announcement comes as President Trump seeks to tout the Republican Party's economic record ahead of the US midterm races. This marks the second time in three days that Trump has highlighted planned foreign investments in states where GOP Senate candidates are facing tight election campaigns.