South Korea's $200 Billion Boost to U.S. Projects
U.S. Commerce Secretary Howard Lutnick announced South Korea's $200 billion investment in U.S. projects, including an Alaskan natural gas pipeline under a trade deal refined at a recent summit. This agreement follows preliminary discussions held in July, showcasing growing bilateral economic collaboration.
- Country:
- South Korea
U.S. Commerce Secretary Howard Lutnick announced on Thursday via X that South Korea is set to invest $200 billion in various American projects as part of a newly refined trade deal.
The investment will target sectors such as the Alaska natural gas pipeline, energy infrastructure, and artificial intelligence.
The agreement comes after a summit between the two nations' leaders on Wednesday, building on a preliminary deal struck in July.
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