Trump Claims South Korea Will Invest $8.4 Billion in Oil Production Boost

US President Donald Trump has claimed that South Korea will invest $8.4 billion in an enhanced oil recovery project, citing negotiations between the two countries.

The project involves injecting carbon dioxide and other substances to extract remaining crude oil, but specific details or locations were not disclosed by Trump.

This announcement comes after Trump's previous unilateral claim about the 50 billion dollar Alaska LNG project, which was met with skepticism from the South Korean government, who stated that no agreement had been finalized.

In a warning to the South Korean government, Trump threatened to increase costs in other areas such as tariffs or defense if they did not agree to the project.