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

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 on 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.

Seoul and Washington have been in coordination to announce the investment projects under the trade agreement that committed the Asian country to investing $300 billion in the United States in return for lower U.S. tariffs on Korean goods.

Last week, Seoul’s Ministry of Trade, Industry and Resources reported to the National Assembly that the two countries have chosen to construct 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 to construct eight large-scale nuclear reactors in the United States, as well as an LNG project in Alaska.

Yonhap