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Industry

First South Korea-U.S. strategic investment is Texas power plant; nuclear and LNG projects also pushed

South Korea and the United States have selected three areas for their first strategic investment projects: AI power, nuclear power and LNG. The two governments announced plans for a Texas gas-fired combined-cycle power plant, a framework to build eight large nuclear reactors in the United States, and a review of an Alaska LNG project. They said related procedures were completed as follow-up steps to a July trade agreement and a November investment memorandum.

Industry

South Korea set to unveil plan to invest in up to eight U.S. nuclear reactors to meet AI power demand

South Korea will soon announce a large-scale energy investment plan in the United States to support the expansion of the U.S. AI industry, the Wall Street Journal reported. The plan would fund construction of up to eight nuclear reactors and natural gas power plants, and the total could exceed $100 billion. It follows a trade deal under which U.S. tariffs were cut and South Korea pledged investments and energy purchases.