Fact-check · Sep 30, 2026 · Donald Trump
“A $120,000,000,000. It's a 100,000,000,000. Plus a $20,000,000,000 contingency to build eight gigantic nuclear power plants”
TRUE
What the record shows
South Korea announced $120 billion for eight nuclear reactors ($100B base + $20B contingency) and $54 billion for Alaska LNG on Sept 30, 2026. However, these are announced commitments under negotiation; South Korea has not formally confirmed the Alaska LNG figure.
Sources
- Korea weighs $120 billion investment in 8 nuclear reactors in U.S. as part of tariff deal
- Korea to deploy reactors for $120 bn US nuclear project with potential Westinghouse stake acquisition - KED Global
- Factbox-South Korea’s US investment package takes shape with Texas power plant, nuclear projects By Reuters
- Considering 'Eight Nuclear Reactors' for US Investment... "Tug-of-War Until Just Before Agreement"
- Nuclear Stocks Surge on $120 Billion U.S. Reactor Plan - Seoul Economic Daily
- Korea, U.S. Plan Eight Nuclear Reactors; LNG Plant Comes First - Seoul Economic Daily
From: President Trump Makes an Announcement with the Secretary of Commerce
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