Wow! This seems to be very unusual! Gigantic!
"South Korea said it will spend $120 billion in the U.S. to build eight nuclear power plants as part of an agreement to invest $350 billion in exchange for lower tariffs."
"Here are details of the projects, according to the Korean government:
- The 6.47-gigawatt-hour plant is scheduled to begin commercial operations in 2029, the Korean government said in a statement issued in Seoul on Thursday following Trump's announcement.
- South Korea plans to invest $120 billion in building eight nuclear reactors in the US, including two based on South Korea's APR-1400 design.
- Seoul and Washington will review a project to build pipelines and a terminal to transport and export liquefied natural gas in Alaska, although the project will proceed only if commercial and legal conditions are met.
- South Korea's investments will be capped at $20 billion annually under a legally binding agreement.
- Profit will be equally split between South Korea and the US until South Korea recovers its principal investment across all projects.
- Specific details on the nuclear power plant project haven't been decided yet.
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