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Trump says S. Korea to invest $54B in Alaska | Arkansas Democrat Gazette

Trump announced the proposed investment and credited his trade deal and tariffs for making it possible.

Trump says S. Korea to invest $54B in Alaska | Arkansas Democrat Gazette
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This article1 analysis · Oct 3, 2026
tl;dr

President Donald Trump announced a plan for South Korea to invest about $54 billion in an Alaska natural-gas export project championed by Sen. Dan Sullivan, though approval and financing remain uncertain. The announcement comes as Sullivan faces a competitive reelection contest.

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Donald Trump R · President of the United States
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Donald Trump
R · President of the United States

President announcing the proposed investment and promoting his trade policy

PRIMARY SUBJECT
Dan Sullivan
R · AK · SEN

Alaska senator and advocate for the natural-gas project

Sullivan's version of this story ↗

Iowa state representative and Senate candidate challenging Hinson

Ashley Hinson
R · IA-2

Iowa representative and Senate candidate who spoke at the steel-plant announcement

Mary Peltola
Former U.S. Representative (D-AK)

Democratic Senate candidate challenging Sullivan

Joni Ernst
R · IA · SEN

Retiring Iowa senator whose seat is being contested

Part of a bigger story

10 OUTLETS
Trump Announces Planned South Korean Investment in Alaska Gas Project

Donald Trump announced plans for roughly $54 billion in South Korean investment in an Alaska natural-gas project long backed by Sen. Dan Sullivan. The proposed investment has not been finalized. Left-leaning outlets portray the announcement as presenting an early-stage proposal as a deal and as an effort to help Sullivan. Center outlets mostly place it in the context of Sullivan's competitive race, while noting uncertainty about the investment and, in some coverage, focusing on Trump's political pitch.

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