Trump to unveil South Korea's first U.S. projects under $350 billion investment pact

  • President Donald Trump plans to announce South Korean U.S. investment projects on Sept. 18.
  • South Korea committed $350 billion, including $200 billion for strategic sectors and $150 billion for shipbuilding.
  • South Korea is negotiating a Westinghouse stake and board representation for the eight-reactor project.

President Donald Trump is expected to disclose the first U.S. projects under South Korea's $350 billion investment commitment on Friday, Sept. 18, including a Texas gas project, eight nuclear reactors, an Alaskan liquefied natural gas initiative, nuclear-material reprocessing and carbon-capture technology. South Korea's commitment under the July 2025 trade agreement allocates about $200 billion to strategic sectors, subject to a $20 billion annual cap, and $150 billion to shipbuilding, in exchange for U.S. tariffs on South Korean goods falling to 15% from 25%. Seoul and Washington are nearing agreements on an initial project wave worth more than $100 billion, focused mainly on nuclear energy and natural gas. Separately, South Korea is negotiating a roughly 15% stake and board representation in Westinghouse as part of the proposed eight-reactor construction package, seeking influence over governance and reactor intellectual property.

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