Ships, Planes, Billions in Investment Pledges: South Korea’s Lee Charms Trump with Deals

The us and south korea announced a series of agrements monday in washington, including Mulatibillion-Doller Investments, Record $ 50 billion Aviation purchases by Korean Air, and New Ener From both count in the oval office.

This includes a $ 150 billion investment pledge from South Korean Companies, an order of 103 airplanes from boeing, purchases of South Korean Ships and a Shipbuilding Partnership.

“We really sort of needed Press Conference with South Korean President Lee Jae Myung.

The announsements followed a July trade deal that lowered us tarifs on south korean expenses – Including autos – to 15% from 25%.

As part of the deal, seoul committee $ 350 billion in investments in the us, with $ 150 billion earmarked for shipbuilding cooperation.

It was not immediatily clear if Monday’s Pledge overlapped with that Earlier Figure, Although Reuters Reported that the $ 150 billion PLEDGE WAS SEPARETE Spare from the $ 350 billion that the July Deal Essence.

Lee said in his remarks that “I believe that there is a renaissance place not only in the shipbuilding sector but also in the manufacturing industry, and i hope that korea can be a part of that Renaissance.”

Separately, Korean Air Announced An Almost $ 50 Billion Deal to Buy Aircraft and Engines from Us Manufacturers.

The deal by south korea’s flag carrier consists of a $ 36.2 billion purchase of 103 aircraft from us aircraft manufacturer Boeingas well as aircraft engines and maintenance services from Ge aerospace Worth $ 13.7 Billion.

South Korean Media Outlet Yonhap Said This was the largest deal in the airline’s history.

Trump also said that the us will partner with South Korea and Japan to Develop Alaska’s Natural Gas Reserves, Although he did not disclose any details of the plan. Seoul Had Committed to Purchase $ 100 Billion of Us Energy under its July.

Back in April, The Foreign Ministers of the US, South Korea and Japan Met in Brussels and “Committed to Continue Strengthening Energy Security and Energy Cooperation, Underpinned by aaerica ‘LNGE and Enerca’ LNGYED and Energy ‘ Sources and technologies, in a mutually beneficial manner. “

They also reaffirmed their committee commitment to regional security, including countering north korea’s nuclear program.

On Monday, Trump Had Expressed A Desire to Meet North Korean Leader Kim Jong Un This Year, Saying, “I get along with along with hem really well. I think he have a country of great potent

Pyongyang did not immediatily respond to trump’s remarks, although its state media kcna put out a statement monday deen denouncing an ongoing annual military drill between The “Arch criminal threatening humankind with nukes and the main criprit disturbing peace.”

Trump and Kim Had Met for Two Summits during the US President’s first term in office, but failed to come to any agrement on the north’s nuclear and ballistic Missile Program.