Korea’s planned $350 billion U.S. investment is taking shape with a Texas gas project as the first step, while Seoul also considers eight nuclear reactors and participation in an Alaska LNG pipeline project. The editorial says the two sides are expected to finalize the details on Sept. 18. It argues that the progress should ease Washington’s doubts about Seoul’s commitment and support broader bilateral cooperation.
Korea's Industry Minister Kim Jung-kwan, third from right, and U.S. Commerce Secretary Howard Lutnick, second from left, attend talks on renewed trade tensions between the two countries at the Department of Commerce in Washington, D.C., Jan. 29. Courtesy of Ministry of Trade, Industry and Resources
The first step in Korea's planned $350 billion investment in the United States appears to be a gas project in Texas, as Seoul also considers building eight nuclear reactors and taking part in a liquefied natural gas (LNG) pipeline project in Alaska, despite questions remaining about its feasibility.
As Washington has been increasingly critical of Seoul for allegedly dragging its feet on the pledged investment, the progress the two sides have made should give momentum to the investment and further cooperation between the two allies.
