Trump to Tap South Korea Investment Package for $54 Billion Alaska LNG Project
U.S. President Donald Trump is expected to announce plans to tap into South Korea's $350 billion strategic investment package for about $54 billion, according to two people familiar with the discussions. The funds will be directed towards building a liquefied natural gas facility in Alaska and funding other U.S. projects.
The announcement is part of a series of economic and investment deals Trump is highlighting ahead of November's midterm elections, as he seeks to reinforce his economic record amid voter concerns over the Iran war and high gasoline prices.
South Korea's National Assembly has raised concerns about the commercial viability and fiscal risks of investments in U.S. projects, with a South Korean lawmaker stating that it is necessary to thoroughly verify the commercial rationale and viability of any investment before considering political needs or diplomatic demands.