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South Korea’s Lee, Trump Welcome Progress in US Strategic Investment Projects

  • On Wednesday, South Korean President Lee Jae Myung met with U.S. President Donald Trump on the sidelines of the UN General Assembly in New York to discuss strategic investment projects.
  • The meeting followed briefings by South Korea's Industry Ministry on a $350 billion investment package, which includes a Texas gas-fired power project and potential Alaska LNG ventures.
  • National Security Adviser Wi Sung-lac reported the leaders welcomed "significant progress" on strategic projects, including discussions on nuclear fuel reprocessing, submarines, and wartime operational control transfer.
  • Trump reaffirmed his willingness to engage in dialogue with North Korea, while Lee sought help advancing engagement with North Korean leader Kim Jong Un.
  • Lee emphasized the upcoming US-China summit's importance for regional developments, as reports indicate Trump may personally announce South Korea's investment plans once final agreements are reached.
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Summit comes amid Washington's mounting pressure on Seoul for military deployment in Strait of Hormuz

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WTVB broke the news on Tuesday, September 22, 2026.
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