|
SECURING BILLIONS IN EXPORTS
AND INVESTMENTS: Today,President Donald J.
Trump completed the final stop of his historic Indo-Pacific trip, securing
billions in landmark deals while visiting the Republic of Korea (ROK),
including initiatives to support American jobs, further America’s energy
dominance, promote American leadership in the technology revolution, and build
our maritime partnership.
- Korean
Air will purchase 103 new Boeing aircraft valued at $36.2 billion,
supporting up to 135,000 jobs across the United States. To power
these new aircraft, Korean Air will also purchase state-of-the-art GE
Aerospace engines in a separate deal valued at $13.7 billion.
- The
ROK Air Force selected L3Harris Technologies to develop its new Airborne
Warning and Control aircraft in a $2.3 billion deal that will support over
6,000 American jobs.
- America’s
ReElement Technologies and POSCO International will partner to launch a
U.S.-based, vertically integrated rare earth separation, refining, and
magnet production complex focused on high-value mobility magnets.
FURTHERING AMERICA’S ENERGY
DOMINANCE: The President secured key investments
further solidifying the United States’ position as the global energy leader.
- The
Korea Gas Corporation signed agreements to purchase about 3.3 million
tons/year of U.S. LNG via long-term agreements with sellers, including
Trafigura and TotalEnergy, through their portfolios and offtake agreements
with U.S. LNG producers like Cheniere.
- Centrus
Energy Corp, KHNP, and POSCO International Corporation agreed to support
the expansion of Centrus’ uranium enrichment capacity in Piketon, Ohio,
creating 3,000 jobs in the United States.
- LS
Group pledged to invest $3 billion by 2030 in U.S. power-grid
infrastructure, including undersea cables, power equipment, and winding
wires. LS Cable’s U.S. subsidiary, LS Greenlink, is building a $681
million manufacturing facility in Virginia.
PROMOTING AMERICA’S ADVANTAGE
IN THE TECHNOLOGY REVOLUTION: The President strengthened
America’s leading role in the digitized economy by boosting investments and
jobs in, and access to, U.S. technology.
- The
United States and the ROK are signing a Technology Prosperity Deal to
expand bilateral science and technology cooperation with an emphasis on
U.S. AI exports, AI standards, AI adoption, research security, 6G, biotech
supply chains, and quantum innovation.
- Amazon
will invest $5 billion through 2031 to build the ROK’s cloud
infrastructure, helping drive U.S. exports and American AI
leadership. This comes on top of Amazon Web Services’ (AWS’)
historic cloud-infrastructure investments across 14 APEC economies during
the President’s term, totaling $40 billion.
- NASA’s
Artemis II mission will take astronauts around the Moon for the first time
since Apollo, and deploy a Korean satellite to measure space radiation.
- Both
countries committed to stabilize and diversify the critical-mineral supply
chain through public-private collaboration in the mining and refining of
such minerals.
BUILDING OUR MARITIME
PARTNERSHIP: The President has secured from the ROK
investments to modernize and expand the capacity of American shipbuilding
industries, including through investments in U.S. shipyards and America’s
workforce.
- HD
Hyundai and Cerberus Capital Management will partner on a $5 billion
investment program for modernizing American shipyards, strengthening
supply chains, and applying new technologies like autonomous navigation,
digitalization, and automation.
- Samsung
Heavy Industries and Vigor Marine Group will cooperate on naval vessel
maintenance, repair, and overhaul (MRO), shipyard automation, and new
construction of U.S.-flagged vessels.
- Hanwha
Ocean announced a $5 billion infrastructure plan to strengthen
Pennsylvania’s Philly Shipyard workforce and increase its current
production capacity by more than ten-fold.
REESTABLISHING AMERICAN
LEADERSHIP: President Trump’s State Visit to Korea
reaffirmed the steadfast alliance between the United States and the ROK, while
advancing U.S. economic interests—delivering tangible benefits for the American
people.
- This
capstone stops on President Trump’s Asia travels underscored America’s
prominent role as the preeminent Pacific power.
- Today’s
announcements build on the historic trade victories and infrastructure
commitments the President secured while in Japan and Malaysia, bringing
billions in investments and thousands of jobs home to America.
|
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
