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Seeks To Ensure $20B Annual Cap On US Investments - South Korea And US Have Not Reached Agreement On Westinghouse Stake Investment
South Korea's Industry Ministry due to brief parliament on $350 billion US investment package Terms for $200 billion in strategic investments have yet to be finalised President Lee has said commercial viability was a sticking point in project-level talks Possible projects include Texas gas power, U.S. reactors, Westing
A South Korean opposition lawmaker warned Monday that Seoul's planned US investment package, particularly energy projects, could leave South Korea bearing disproportionate financial risks and losses while the US takes most of the profits.