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Korea Conditions $50B Alaska LNG Deal on Viability

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Story summary
  • President Donald Trump announced a South Korean energy plan up to $200 billion, including a $50 billion Alaska LNG project.
  • President Lee Jae Myung said Korean participation depends on financial viability and legal compliance.
  • Industry Minister Kim Jung-kwan stated the Alaska project will proceed only if commercially viable.
  • Profit will split 50:50 until Korea recovers its investment, then 90% to the U.S. and 10% to Korea.