South Korea’s Lee, Trump Welcome Progress in US Strategic Investment Projects
The leaders backed continued talks on a $350 billion package that could include energy and shipbuilding projects, Seoul officials said.
- On Wednesday, South Korean President Lee Jae Myung met with U.S. President Donald Trump on the sidelines of the UN General Assembly in New York to discuss strategic investment projects.
- The meeting followed briefings by South Korea's Industry Ministry on a $350 billion investment package, which includes a Texas gas-fired power project and potential Alaska LNG ventures.
- National Security Adviser Wi Sung-lac reported the leaders welcomed "significant progress" on strategic projects, including discussions on nuclear fuel reprocessing, submarines, and wartime operational control transfer.
- Trump reaffirmed his willingness to engage in dialogue with North Korea, while Lee sought help advancing engagement with North Korean leader Kim Jong Un.
- Lee emphasized the upcoming US-China summit's importance for regional developments, as reports indicate Trump may personally announce South Korea's investment plans once final agreements are reached.
39 Articles
39 Articles
South Korea's president, Lee Jae-myung, and US president Donald Trump, celebrated significant progress in discussions on strategic investment projects during a 30-minute meeting on the margins of the UN General Assembly, informed the South Korean Presidency on Wednesday. The meeting took place after South Korea's Ministry of Industry presented to parliamentarians, on Tuesday, plans to implement the $350 billion investment package among countries…
Trump, South Korea’s Lee Welcome Progress on Strategic Investment
U.S. President Donald Trump and South Korean President Lee Jae Myung at the Hilton Gyeongju hotel in Gyeongju, South Korea, on Oct. 29, 2025. (Andrew Caballero-Reynolds/AFP via Getty Images)
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