S Koreans plan $150bn for US

South Korea touted a broad range of US investment plans by its companies at Monday’s summit between US President Donald Trump and South Korean President Lee Jae Myung, spanning shipbuilding, nuclear energy, aerospace, energy and critical minerals.

- 

While South Korean companies pledged at the summit $150 billion in US investments, the countries also agreed to establish a nonbinding agreement to steer $350 billion of investment funds proposed by Seoul in July as part of a trade deal to cut threatened US tariffs on Korean goods.

Here are some of the investments announced at the meeting:

$150 BILLION IN INVESTMENTS

South Korea's business lobby group said companies would invest $150 billion in areas such as artificial intelligence, chips, biotechnology, shipbuilding and nuclear power. The group did not give a breakdown or timeframe for the investments.

The investments by South Korean companies, already among the leading investors in the United States, would be equivalent to about six times their US foreign direct investment in 2024 if pushed through.

Presidential adviser Kim Yong-beom previously said the investments would include some previously announced projects such as Samsung Electronics’ new chip factory in Texas and Hyundai Motor's car factory in Georgia, as well as Hanwha’s plan to expand its US shipyard.

AEROSPACE