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According to unnamed political sources, South Korea has identified a natural gas power generation project in Texas in the US as the first project within the framework of its investment commitment to the US. Furthermore, the South Korean government is considering the construction of eight nuclear power plants and the Alaska LNG development project as the next two investment projects in the US. South Korea and the US are also discussing a plan for South Korea to acquire 5% to 10% of Westinghouse Electric's shares. The South Korean government said that under the framework of the $350 billion investment commitment to the US involved in the South Korea-US trade agreement last year, South Korea's investment in the US will not exceed the upper limit of 20 billion US dollars per year. If this investment limit is exceeded, South Korea will not advance related projects.
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According to unnamed political sources, South Korea has identified a natural gas power generation project in Texas in the US as the first project within the framework of its investment commitment to the US. Furthermore, the South Korean government is considering the construction of eight nuclear power plants and the Alaska LNG development project as the next two investment projects in the US. South Korea and the US are also discussing a plan for South Korea to acquire 5% to 10% of Westinghouse Electric's shares. The South Korean government said that under the framework of the $350 billion investment commitment to the US involved in the South Korea-US trade agreement last year, South Korea's investment in the US will not exceed the upper limit of 20 billion US dollars per year. If this investment limit is exceeded, South Korea will not advance related projects.
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