Details
đź’° Investment Package: South Korean companies pledged USD 150 billion in US investments, on top of the USD 350 billion agreed in July.
🛫 Record Order: Korean Air is buying 103 aircraft from Boeing worth USD 36.2 billion, plus engines and maintenance packages from GE Aerospace worth USD 13.7 billion — nearly USD 50 billion combined.
🚢 Shipbuilding Alliance: South Korea commits to closer cooperation with US shipyards as part of the new investment program.
⚡ Energy Cooperation: Both sides plan joint investments in Alaska’s natural gas reserves; South Korea remains a major buyer of US energy.
🏛 Political Context: The agreements follow July’s tariff cuts, which lowered US auto tariffs from 25 percent to 15 percent.
Big Picture
The agreements highlight how industrial and trade interests shape the relationship. South Korea is opening its market to US aircraft, energy, and shipbuilding, while the US benefits from massive investment pledges. Both sides secure multi-billion-dollar deals that not only create jobs but also strengthen supply chains in aviation, energy, and heavy industry over the long term.
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