White House Releases Fact Sheet
Details of South Korean Companies' Investments Disclosed
The White House announced on the 29th (local time) that, on the occasion of President Donald Trump's state visit to South Korea, the United States has signed large-scale investment attraction and export contracts with South Korea.
Donald Trump, President of the United States, is delivering a special keynote speech at the 2025 Asia-Pacific Economic Cooperation CEO Summit held at the Gyeongju Arts Center in Gyeongbuk on the 29th. 2025.10.29 Photo by Kang Jinhyung
On this day, the White House released a fact sheet outlining the specific investment attraction achievements during the visit, stating, "President Trump's visit to South Korea has resulted in the signing of historic deals worth billions of dollars, which will support job creation in the United States, strengthen energy leadership, and drive technological innovation." However, most of the contracts disclosed on this day overlap with previously announced agreements.
According to the fact sheet, Korean Air has agreed to purchase 103 aircraft from Boeing in the United States, totaling 36.2 billion dollars. In addition, Korean Air will separately purchase engines worth 13.7 billion dollars from GE Aerospace. The White House projected that the purchase agreement between Korean Air and Boeing will create approximately 135,000 jobs in the United States.
The Republic of Korea Air Force has selected L3Harris Technologies in the United States as the developer for its next-generation Airborne Warning and Control System (AWACS), signing a contract worth 2.3 billion dollars. As a result, more than 6,000 additional jobs are expected to be created in the United States.
South Korea has also agreed to significantly expand energy imports from the United States. Korea Gas Corporation has signed contracts with Trafigura and TotalEnergies, agreeing to purchase 3.3 million tons of U.S.-produced liquefied natural gas (LNG) annually under long-term agreements.
Korea Hydro & Nuclear Power and POSCO International will cooperate with Centrus Energy in the United States to jointly promote the expansion of uranium enrichment facilities in Piketon, Ohio. The White House explained that this project is expected to create 3,000 new jobs in the United States. LS Group plans to invest 3 billion dollars in U.S. power grid infrastructure by 2030 and is constructing a production facility worth 681 million dollars in Virginia.
Cooperation in the shipbuilding and marine industries, which symbolizes industrial collaboration between South Korea and the United States, will also be significantly strengthened.
HD Hyundai, in partnership with Cerberus Capital Management, has agreed to jointly invest 5 billion dollars in the modernization of U.S. shipyards, strengthening supply chains, and developing autonomous navigation. Samsung Heavy Industries will expand cooperation with Vigor Marine Group in the maintenance, repair, and overhaul (MRO) of U.S. Navy vessels, shipyard automation, and the construction of new U.S.-flagged ships. Hanwha Ocean announced a 5 billion dollar infrastructure plan to train personnel and expand production capacity by more than tenfold at the Philly Shipyard in Pennsylvania.
The White House also announced that South Korea and the United States have signed a "Technology Prosperity Agreement." The agreement includes measures to expand cooperation in advanced technology sectors such as artificial intelligence (AI), 6G communications, biotechnology, and quantum technology. In this context, Amazon plans to invest 5 billion dollars in building cloud infrastructure in South Korea by 2031. For NASA's next-generation lunar exploration project, Artemis II, a Korean satellite will be onboard to conduct space radiation measurements. The two countries will also strengthen public and private cooperation to stabilize and diversify critical mineral supply chains.
The White House emphasized, "President Trump's state visit to South Korea reaffirms the strong alliance between the United States and South Korea while advancing America's economic interests to provide tangible benefits to the American people." It added, "This announcement builds upon the historic trade victories and infrastructure commitments achieved during President Trump's visits to Japan and Malaysia. Through these efforts, billions of dollars in investments and thousands of jobs will flow into the United States."
Meanwhile, on this day, South Korea and the United States reached a dramatic agreement on tariff negotiations during the summit between President Lee Jaemyung and President Trump. Under the agreement, South Korea will invest 200 billion dollars in cash out of a 350 billion dollar U.S. investment fund it promised in exchange for tariff reductions from the United States. The maximum annual investment limit is set at 20 billion dollars, with payments to be made in installments over at least 10 years. The remaining 150 billion dollars will be allocated to shipbuilding cooperation and will consist of cash, ship finance (RG), and guarantees. Investment returns will be shared equally between South Korea and the United States, on a 50-50 basis, until the principal and interest are fully recovered.
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