The White House said on the 29th (local time) that President Donald Trump clinched multibillion-dollar deals during his visit to Korea.
The White House said, "Korean Air plans to purchase 103 Boeing aircraft worth $36.2 billion," adding, "This is expected to create up to 135,000 jobs across the United States." It added, "Korean Air will also separately purchase GE Aerospace engines worth $13.7 billion."
It said investment deals were also signed in the energy sector. The White House said, "Korea Gas Corporation (KOGAS) signed a contract to purchase about 3.3 million tons of U.S. LNG (liquefied natural gas) annually." It added, "Korea Hydro & Nuclear Power Co. (KHNP), POSCO INTERNATIONAL, and others agreed to support expanding uranium enrichment capacity in Ohio, and this is expected to create 3,000 jobs in the United States."
The two countries also struck investment deals in technology, including AI and space. The White House said, "U.S. company Amazon will invest $5 billion through 2031 to build Korea's cloud infrastructure," adding, "This will help expand U.S. exports and strengthen leadership in AI." It also said, "NASA will launch a Korean satellite on the Artemis II mission to measure space radiation."
Investments by domestic corporations will continue in shipbuilding as well. The White House said, "HD Hyundai and U.S. firm Cerberus Capital Management plan to cooperate on a $5 billion investment program to apply new technologies such as U.S. shipyard modernization, supply chain strengthening, and autonomous navigation," adding, "Hanwha Ocean announced a $5 billion infrastructure plan to bolster the workforce at the Philadelphia Shipyard and increase production capacity more than tenfold."