Trump Reaffirms South Korea's USD 50 Billion Investment as He Touts Trade Success

[Anchor]

Ahead of the November midterm elections, U.S. President Donald Trump has once again reaffirmed that South Korea has decided to invest USD 50 billion in the Alaska LNG project. Touting massive investments from Japan and Taiwan as his own achievements, he has stepped up efforts to win over voters.

Our Washington correspondent Lee Hanseok has the details.

[Reporter]

Following his campaign rally in Alaska the previous day, U.S. President Donald Trump officially announced South Korea's USD 50 billion—approximately 67 trillion won—investment in Alaska LNG infrastructure on his social media today, the 15th.

Calling it the largest project in Alaska's history, Trump emphasized that the investment is a direct result of his trade agreements.

This is interpreted as an effort to highlight ahead of the elections that his tariff and trade pressures have successfully attracted large-scale investments.

He also consecutively unveiled investment packages from Taiwan and Japan.

He stated that Taiwan has committed to purchases worth up to USD 80 billion, acquiring 30 percent of a 20-year supply from the Alaska gas pipeline. Regarding Japan, he announced that it has decided to fund the entire USD 21 billion needed to build a new GlobalFoundries semiconductor plant in New York State.

[Donald Trump / U.S. President: In addition to the USD 50 billion South Korea has already committed to the Alaska project, Taiwan is also going to invest USD 4.4 billion.]

He raised his voice, stating that this will create more than 28,000 jobs in New York State alone and that the pledges from South Korea, Japan, and Taiwan are transforming into massive construction projects.

As the midterm elections draw closer, his moves to pressure allies into fulfilling their investments in the U.S. and use this as leverage to rally his base are expected to become even more blatant.

(Photo: Yonhap News) (Video Journalist: Oh Jung-sik, Video Editor: Choi Jin-hwa)
※ Please note: This article was translated by AI and may contain errors.