S. Korea Picks Texas Power Plant as 1st U.S. Investment Project
- On Friday, South Korean Foreign Minister Cho Hyun met U.S. Secretary of State Marco Rubio in Washington to address bilateral trade and South Korea's potential contribution to Strait of Hormuz navigation efforts.
- South Korean President Lee Jae Myung insisted on including language ensuring investments are "commercially reasonable" to protect national interests, leaving negotiations regarding the $350 billion investment pledge in the United States unresolved.
- Under the 2025 trade agreement, this investment commitment is tied to lowering U.S. tariffs on South Korean imports to 15 per cent. Officials continue discussions to ensure the deal benefits both nations while maintaining a transparent business environment.
- The expected announcement regarding the investment project was postponed until next week, following a rescheduling of a related briefing to the National Assembly.
- Regarding North Korea, President Donald Trump seeks to resume summitry with leader Kim Jong-un. President Lee indicated a meeting may occur in coming months, though details remain uncertain.
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41 Articles
South Korea Follows Japan's Playbook With $22.3 Billion Texas Gas Bet
Ten months, one tariff threat and several "sleepless nights" later, South Korea has finally found somewhere to put the first piece of the $350 billion it promised to invest in America. The winner is a gas-fired power complex in Encinal, Texas (population 540, where real estate is about to go ballistic), and it is built to feed the one thing Washington can never get enough of: electricity for data centers and chip fabs. According to the FT, Seoul…
‘Huge win’: S. Korea picks Texas gas plant to power A.I. data centers as 1st project in $350 billion investment
Source link President Donald Trump is awarded the Grand Order of Mugunghwa by South Korean President Lee Jae Myung during a ceremony at the Gyeongju National Museum, South Korea on Wednesday, Oct. 29, 2025. (Official White House photo by Daniel Torok) South Korea has picked a Texas natural gas plant for artificial intelligence data centers
Korea Picks A $22 Billion Texas Gas Plant As First Down Payment On Its $350 Billion Pledge To Trump
Korea Picks A $22 Billion Texas Gas Plant As First Down Payment On Its $350 Billion Pledge To Trump Ten months, one tariff threat and several "sleepless nights" later, South Korea has finally found somewhere to put the first piece of the $350 billion it promised to invest in America. The winner is a gas-fired power complex in Encinal, Texas (population 540, where real estate is about to ballistic), and it is built to feed the one thing Washingto…
South Korea confirmed on Tuesday its first project in the framework of an investment agreement of $350 billion with the United States and informed that it is analyzing two more. Exclusive material for subscribers. To have full access, access the link of the material and register.
US, Korea Hail ‘Significant Progress’ on $350 Billion Trade Deal
Donald Trump and South Korean President Lee Jae Myung hailed “significant progress” on implementing the two countries’ long-stalled investment deal, with lawmakers in Seoul saying the first project would be a $22.3 billion gas-fired power development in Texas.
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