Trump says S. Korea deal 'keeps getting better,' unveils $8.4 bil. oil recovery project

The Korea Times - Oct 2, 2026

WASHINGTON — U.S. President Donald Trump said Friday a deal with South Korea "keeps getting better," announcing a $8.4 billion "enhanced oil recovery project," as Seoul and Washington are working to implement the Asian country's investment commitment under their trade deal signed last year. Trump made the remarks in a social media post, after he unveiled the first package of South Korea's investment projects under the trade deal, including the construction of a gas-fired power plant in Texas and eight large-scale nuclear power plants. "I am thrilled to announce the Republic of Korea Deal keeps getting BETTER!" he wrote on Truth Social, referring to South Korea by its official name. "8.4 Billion Dollars for an enhanced Oil Recovery (EOR) Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World for the Future!" He did not elaborate on the details of the project. EOR involves techniques to recover additional oil from existing oil fields. Trump's announcement came as a surprise as South Korea believes that the EOR project is not among those inclu

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