South Korea's $200 Billion Boost to U.S. Projects

U.S. Commerce Secretary Howard Lutnick announced South Korea's $200 billion investment in U.S. projects, including an Alaskan natural gas pipeline under a trade deal refined at a recent summit. This agreement follows preliminary discussions held in July, showcasing growing bilateral economic collaboration.

U.S. Commerce Secretary Howard Lutnick announced on Thursday via X that South Korea is set to invest $200 billion in various American projects as part of a newly refined trade deal.

The investment will target sectors such as the Alaska natural gas pipeline, energy infrastructure, and artificial intelligence.

The agreement comes after a summit between the two nations' leaders on Wednesday, building on a preliminary deal struck in July.

(With inputs from agencies.)