US President Donald Trump speaks on the APEC CEO summit held on the Gyeongju Arts Heart in North Gyeongsang Province on Oct. 29, 2025. (pool picture)
US President Donald Trump has promised to permit South Korea to construct nuclear-powered submarines, which he says will probably be constructed at Pennsylvania’s Hanwha Philly Shipyard. He additionally stated that Korean companies’ funding within the US will exceed US$600 billion, or round 854 trillion received.
“Our Navy Alliance is stronger than ever earlier than and, based mostly on that, I’ve given them approval to construct a Nuclear Powered Submarine, reasonably than the old school, and much much less nimble, diesel powered Submarines that they’ve now,” Trump wrote on Reality Social on Thursday.
“South Korea will probably be constructing its Nuclear Powered Submarine within the Philadelphia Shipyards, proper right here within the good ol’ U.S.A. Shipbuilding in our Nation will quickly be making a BIG COMEBACK,” Trump added in a separate publish 16 minutes later.
The day past, Korean President Lee Jae Myung had publicly requested Trump to permit Korea to buy gasoline for nuclear-powered submarines.
Nuclear-powered submarines should not outfitted with nuclear weapons, however use nuclear energy to offer thrust.
In his social media posting, Trump additionally addressed the breakthrough in tariff negotiations with Korea, saying that Korea had agreed to pay America US$350 billion in alternate for a decrease tariff fee in addition to to purchase US oil and fuel in “huge portions.”
Trump additional asserted that investments into the US by “rich South Korean firms and businessmen” will exceed US$600 billion.
As a part of the US$350 billion funding package deal that Korea and the US hammered out on Wednesday, the Korean authorities is meant to offer US$200 billion in money investments, consisting of annual funds of US$20 billion for a 10-year interval.
US President Donald Trump speaks to reporters aboard Air Pressure One en path to Korea from Tokyo on Oct. 29, 2025. (AP/Yonhap)
On Wednesday, the White Home launched a reality sheet stating that Trump had secured “billions in landmark offers whereas visiting the Republic of Korea,” describing main US investments by Korean firms. Trump’s reference to US$600 billion seems to mix the Korean authorities’s funding package deal with these separate company investments.
In a social media publish, Trump initially mistakenly referred to Lee as “prime minister,” talking of a “nice journey, with a fantastic Prime Minister!” The publish appeared to later be edited to discuss with Lee as president.
The day past, the White Home additionally incorrectly referred to Lee as a “prime minister” in a YouTube livestream of the Korea-US summit.
By Kim Received-chul, Washington correspondent
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