Seoul Eyes U.S. Nuclear Investment Amid Trade Tensions

South Korea's Industry Minister, Kim Jung-kwan, announced Seoul's interest in investing in a U.S. nuclear power project. This move is part of a larger $350 billion investment plan. The decision follows U.S. tariff threats against South Korea. Details on the nuclear initiative remain undisclosed.

In a strategic move to bolster its economic ties with the United States, South Korea is considering substantial investment in a nuclear power project on American soil. This announcement came from Industry Minister Kim Jung-kwan during a parliamentary session on Monday.

Seoul's potential investment forms part of their broader commitment to channel a total of $350 billion into various U.S. projects. This comes on the heels of trade tensions, following threats by former U.S. President Donald Trump to impose a 25% tariff on South Korean imports, citing delays in the execution of a pre-existing trade agreement.

The specifics of the nuclear power talks remain under wraps. However, recent U.S. and Japanese collaborations indicate a shared ambition to expand nuclear capabilities. The U.S. partnership with Westinghouse aims to generate $80 billion for nuclear reactor construction, signaling a significant phase in the country's atomic energy strategy.

(With inputs from agencies.)