South Korea will brief parliament on the $350 billion plan to invest in the U.S.
on the 22nd, with a closed-door report to the parliamentary Trade, Industry,
Energy, SMEs and Startups Committee at 09:30 Seoul time (08:30 Beijing). The
presentation, postponed from the 17th as Seoul and Washington conducted
final-stage talks, is expected to outline investment size and timing for major
energy projects including the Encinal combined-cycle gas plant in Texas (flagged
as the likely first project), large nuclear reactors and Alaska LNG, sources
said. Lawmakers will review whether negotiations alter the overall outlay and
Korea’s funding burden. The trade ministry says strategic investments in the
$350 billion package would not exceed $200 billion, with an annual outbound
funds cap of $20 billion.
