Global Markets/Supply Chain & Geopolitics
Korea's $350B US Pledge: The Texas Project and the Fine Print
South Korea and the US are reportedly nearing a memorandum of understanding — possibly by September 18, 2026 — on a $22.3 billion gas-fired power plant and AI data center complex in Encinal, Texas, the likely first concrete project under Korea's broader $350 billion US investment pledge. The project itself is still unconfirmed and subject to Korea's own parliamentary approval process, but the mo..