Korea Picks A $22 Billion Texas Gas Plant As First Down Payment On Its $350 Billion Pledge To Trump

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Source: Zero Hedge
Published: 2026-09-24 13:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Property, Asia, South Korea, Energy, Financial Markets, Property & Housing, US Politics, Asia Pacific
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Snippet:
Ten months, one tariff threat and several "sleepless nights" later, South Korea has finally found somewhere to put the first piece of the $350 billion it promised to invest in America. The winner is a gas-fired power complex in Encinal, Texas (population 540, where real estate is about to ballistic), and it is built to feed the one thing Washington can never get enough of: electricity for data centers and chip fabs.
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