South Korea to Announce Over $100 Billion US Energy Investment to Support American AI Buildout

Odaily News: According to The Wall Street Journal, the South Korean government is set to announce a large-scale energy investment project in the United States to support America's artificial intelligence buildout, a long-awaited development under the trade agreement reached between Washington and Seoul last year. According to people familiar with the matter, the deal has a potential value of more than $100 billion and is expected to be funded by South Korea to build up to eight nuclear power plants and one natural gas project. Trump and Lee Jae-myung reached an agreement last October under which the United States would cut most tariffs from 25% to 15%, including on South Korea's auto industry. In exchange, South Korea pledged to invest $350 billion in the United States and purchase an additional $100 billion in American energy. Until now, no projects had materialized, drawing dissatisfaction from US officials including Trump. Trump threatened in January to raise tariffs on South Korea again. The two sides are now close to finalizing two agreements, which could be announced as early as next week.