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South Korea’s Lee, Trump welcome progress in US strategic investment projects


SEOUL, Sept 23 (Reuters) – South Korean President Lee Jae Myung and US President Donald Trump welcomed “significant ‌progress” in discussions on strategic investment projects during ‌a 30-minute meeting on the sidelines of the UN General Assembly, Seoul’s ​presidential office said on Wednesday.

The meeting came after South Korea’s Industry Ministry briefed lawmakers on Tuesday on implementation plans under the countries’ $350 billion investment package, including a Texas ‌gas-fired power project ⁠identified as a potential first investment, as well as possible investments in nuclear energy and ⁠an Alaska LNG project.

“The two leaders welcomed the significant progress made in discussions on strategic investment projects between the ​two countries,” ​National Security Adviser Wi ​Sung-lac told a briefing.

Based ‌on the joint statement issued after their summit last November, Lee and Trump also agreed to deepen cooperation and continue discussions on issues including nuclear fuel reprocessing, nuclear-powered submarines, shipbuilding and the transfer of wartime operational control ‌from the US to South Korea, ​Wi said.

Trump also reaffirmed his ​willingness to engage in ​dialogue with North Korea, Wi said, with ‌the two leaders agreeing to ​remain in ​close communication in pursuit of a peace process.

Lee also said the US-China summit scheduled for Thursday would ​be important for ‌regional developments, including South Korea-China relations, and expressed ​hope for a successful meeting, Wi said.

(Reporting by ​Kyu-seok ShimEditing by Ed Davies)



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