The former president touted the investment via Truth Social, framing the spending as a victory for American energy dominance. However, his post lacked specific details regarding the project’s location, operator, or the particular fields involved in this enhanced oil recovery effort. Seoul’s industry ministry confirmed that the figure was absent from the strategic investment framework recently negotiated between the two nations.

This discrepancy follows a series of broader, high-stakes investment announcements involving the two countries. Trump previously cited a $200 billion package focused on nuclear power plants and Texas-based energy infrastructure, alongside a separate $150 billion commitment to the shipbuilding sector. While these figures suggest a massive expansion of economic ties, South Korean officials remain notably more circumspect. The government in Seoul emphasized that participation in major initiatives, such as the $54 billion Alaska LNG pipeline, remains under legal and commercial review, with no definitive commitments finalized.