Trump touts Korea investment projects on Truth Social after White House announcement; claims Sept. 22 summit included deal on $50 billion Alaska LNG project
![US President Donald Trump speaks in the Oval Office at the White House in Washington on Wednesday (local time). [AP]](https://wimg.heraldcorp.com/news/cms/2026/10/01/news-p.v1.20261001.db0a55cb86e14f26bf54f01051e6cefc_P1.jpg)
A single Trump statement can shake global markets. The Herald Business international desk, on the move from 5 a.m., delivers a daily digest — from Wall Street's closing bell to the Trump news that moves global asset markets — in just one minute. Subscribe to the newsletter at The Herald Business website.
US President Donald Trump said he met with South Korean President Lee Jae Myung in New York and reached an agreement on a major Korean investment package in the United States.
After a White House announcement event Wednesday afternoon (local time), Trump wrote on Truth Social that he had met with "President Lee Jae Myung of South Korea in New York" and that "we agreed to commence $200 billion in new investment into the United States."
The two leaders had held a bilateral summit on Sept. 22, when Lee visited New York for the UN General Assembly. At the time, the White House said only that the two presidents had discussed several issues, including shipbuilding cooperation. Trump's post was the first time he claimed the summit had also produced an agreement on Korean investment in the US.
In the same post, Trump again promoted the Korean investment projects he had personally announced at the White House earlier that day.
On the Alaska LNG project in particular, Trump wrote that the US and South Korea had agreed to "commence working together" on the $50 billion Alaska LNG project — wording that differed noticeably from the joint fact sheet issued by the two countries, which described the agreement as a commitment to begin reviewing the project.
Trump added on Truth Social that the project would "develop the vast resources of the great state of Alaska, build new American gas infrastructure, and great American workers will build it," saying it would be "a game changer for the people of Alaska."
Referring to South Korea's $350 billion investment pledge, Trump wrote that the US was "turning Korea's investment commitments into opportunities to create massive construction projects and tens of thousands of American jobs," describing them as "large-scale energy projects that will expand America's power capacity."
Earlier that day at the White House, Trump announced three Korean investment projects in the US: the construction of eight nuclear power plants worth $120 billion, the $50 billion Alaska LNG project, and a $22 billion gas-fired power generation project in Texas.
yckim6452@heraldcorp.com
