Donald Trump to announce $350 billion South Korean investment details on Friday

South Korean lawmaker Yoon Hu-duk told parliament on Monday that President Donald Trump will reveal the specifics of Seoul’s planned investments in the United States on Friday, September 18. The disclosure would mark the first concrete project details under a $350 billion investment package that South Korea pledged as part of a bilateral trade agreement struck in July 2025. The announcement comes as both sides race to finalize initial projects worth more than $100 billion, with Trump reportedly pushing for faster timelines ahead of US midterm elections. What’s in the package The $350 billion commitment is split into two buckets. Roughly $200 billion is earmarked for strategic sectors, capped at $20 billion per year. The remaining $150 billion is designated for shipbuilding projects. In exchange, US tariffs on South Korean goods drop from 25% to 15%. The projects Trump is expected to detail on Friday span the energy spectrum. They include a major gas project in Texas, construction of eight nuclear reactors, an Alaskan liquefied natural gas initiative, reprocessing of approximately 4,000 tons of nuclear material, and new carbon capture technology development. The institutional plumbi...