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▼ Bad look for TrumpEconomyElections / Campaigns

Trump’s South Korea ‘deal’ blows up in his face

Trump presented the proposed investment as an agreement and praised Sullivan for securing it.

Trump’s South Korea ‘deal’ blows up in his face
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This article1 analysis · Oct 3, 2026
Daily Kos
Oct 2, 2026
tl;dr

Trump promoted a $54 billion South Korea–Alaska natural-gas investment as a deal and praised Sen. Dan Sullivan for securing it, but South Korean officials said the agreement was only at an early stage. Sullivan had also promoted the project as a source of jobs and low-cost energy.

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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 who announced the proposed investment and urged support for Sullivan

PRIMARY SUBJECT
Dan Sullivan
R · AK · SEN

Alaska senator seeking reelection who promoted the Alaska LNG project

Sullivan's version of this story ↗

Democratic Senate candidate in Iowa mentioned in a comparison of competitive races

Ashley Hinson
R · IA-2

Iowa representative and Republican Senate candidate mentioned in a comparison of competitive races

Howard Lutnick
R · Secretary of Commerce

Commerce secretary who received South Korea’s formal protest

Kamala Harris
Former U.S. Senator (D-CA)

Former vice president and 2024 presidential candidate mentioned as Trump’s opponent

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

Democratic challenger to Sullivan in Alaska’s Senate race

ALSO MENTIONED  Kim Jung-kwan, South Korean industry minister; Lee Jae Myung, President of South Korea

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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