Trump to unveil South Korea US investment plan Friday

A South Korean lawmaker said Tuesday that U.S. President Donald Trump would reveal specifics of Seoul's intended investment in America on Friday, according to remarks made during parliamentary proceedings.

The lawmaker raised the matter while questioning the country's finance minister nominee, signalling that an announcement from Washington on South Korea's investment plans could be imminent.

Details about the scope and nature of Seoul's planned U.S. investment have not been disclosed. The announcement, if confirmed, would represent a significant economic development between the two allied nations.

South Korea and the United States maintain close economic and security ties. Previous investment announcements by Seoul in the U.S. have typically focused on technology, manufacturing, and infrastructure sectors.

The expected statement from Trump would provide clarity on Seoul's commitment to expanding its economic footprint in the United States, though the full scope remains to be revealed.