SEALING BILLIONS IN EXPORTS AND INVESTMENTS: Today, President Donald J. Trump wrapped up his significant Indo-Pacific tour with a visit to the Republic of Korea (ROK), where he brokered a series of monumental agreements. These initiatives aim to bolster American employment, enhance the nation’s energy supremacy, position the U.S. at the forefront of the technological era, and strengthen maritime collaborations.
- Korean Air has committed to acquiring 103 new Boeing aircraft, a deal worth $36.2 billion that is expected to generate approximately 135,000 jobs across the United States. Additionally, in a separate agreement, Korean Air will procure advanced GE Aerospace engines for these aircraft, valued at $13.7 billion.
- The ROK Air Force has chosen L3Harris Technologies for the development of its new Airborne Warning and Control aircraft in a contract worth $2.3 billion, which is projected to support over 6,000 jobs in America.
- America’s ReElement Technologies has partnered with POSCO International to establish a U.S.-based facility dedicated to the vertical integration of rare earth separation, refining, and magnet production, with a focus on high-value mobility magnets.
ADVANCING AMERICA’S ENERGY DOMINANCE: The President successfully secured pivotal investments that further cement the United States’ status as a global energy leader.
- The Korea Gas Corporation has entered into agreements to purchase approximately 3.3 million tons of U.S. liquefied natural gas (LNG) annually through long-term contracts with sellers like Trafigura and TotalEnergy, leveraging their portfolios and agreements with U.S. LNG producers, including Cheniere.
- Centrus Energy Corp, in collaboration with KHNP and POSCO International Corporation, will enhance Centrus’ uranium enrichment capacity in Piketon, Ohio, creating 3,000 jobs domestically.
- LS Group has pledged a $3 billion investment by 2030 in U.S. power-grid infrastructure, which includes undersea cables, power equipment, and winding wires. Additionally, LS Cable’s U.S. subsidiary, LS Greenlink, is set to construct a $681 million manufacturing plant in Virginia.
STRENGTHENING AMERICA’S POSITION IN THE TECHNOLOGY REVOLUTION: The President has reinforced America’s leading role in the digital economy by facilitating increased investments and job opportunities in U.S. technology.
- The United States and ROK have signed a Technology Prosperity Deal aimed at enhancing bilateral cooperation in science and technology, focusing on U.S. AI exports, AI standards, research security, 6G technology, biotech supply chains, and quantum innovations.
- Amazon has announced plans to invest $5 billion through 2031 to develop cloud infrastructure in the ROK, bolstering U.S. exports and affirming American leadership in AI. This investment is in addition to Amazon Web Services’ (AWS) previous commitments totaling $40 billion across 14 APEC economies during the President’s administration.
- Nasa’s Artemis II mission will not only take astronauts around the Moon for the first time since the Apollo era but will also deploy a Korean satellite to measure space radiation.
- Both nations have committed to stabilizing and diversifying the critical minerals supply chain through collaborative public-private efforts in mining and refining.
ENHANCING OUR MARITIME PARTNERSHIP: The President has secured investments from the ROK aimed at modernizing and expanding the capacity of American shipbuilding industries, fostering growth in U.S. shipyards and the workforce.
- HD Hyundai and Cerberus Capital Management will collaborate on a $5 billion investment program focused on modernizing American shipyards, enhancing supply chains, and integrating new technologies such as autonomous navigation and digitalization.
- Samsung Heavy Industries and Vigor Marine Group will work together on naval vessel maintenance, repair, and overhaul (MRO), along with shipyard automation and the construction of U.S.-flagged vessels.
- Hanwha Ocean has unveiled a $5 billion infrastructure initiative aimed at bolstering the workforce at Pennsylvania’s Philly Shipyard and significantly increasing its production capacity.
President Trump’s visit to Korea has reaffirmed the enduring alliance between the United States and the ROK, while propelling U.S. economic interests forward—delivering tangible advantages for the American populace.
- This pivotal stop on President Trump’s Asian itinerary highlighted America’s role as the preeminent power in the Pacific.
- Today’s announcements build upon the historic trade agreements and infrastructure commitments secured during the President’s visits to Japan and Malaysia, translating into billions in investments and thousands of jobs returning to America.
