By Song Sang-ho
WASHINGTON, Oct. 2 (Yonhap) -- U.S. President Donald Trump said Friday a deal with South Korea "keeps getting better," announcing a US$8.4 billion "enhanced oil recovery project," as Seoul and Washington are working to implement the Asian country's investment commitment under their trade deal signed last year.
Trump made the remarks in a social media post, after he unveiled the first package of South Korea's investment projects under the trade deal, including the construction of a gas-fired power plant in Texas and eight large-scale nuclear power plants.
"I am thrilled to announce the Republic of Korea Deal keeps getting BETTER!" he wrote on Truth Social, referring to South Korea by its official name. "8.4 Billion Dollars for an enhanced Oil Recovery Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World for the Future!"
He did not elaborate on the details of the project.
Trump highlighted the investment project as he has underscored his economic achievements ahead of the November midterm elections amid public concerns over the monthslong war with Iran that has resulted in high energy prices and deepened economic uncertainties.
Last year, the two countries reached the trade agreement that committed South Korea to investing $350 billion in the United States -- $150 billion for the shipbuilding sector and the remainder for strategic investments -- in return for lower U.S. tariffs on Korean goods.
U.S. President Donald Trump makes an announcement with Secretary of Commerce Howard Lutnick in the Oval Office of the White House in Washington, D.C., on Sept. 30, 2026, in this photo released by UPI. (Yonhap)
sshluck@yna.co.kr
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