Oct 10, 2026 · 29 min · 10 segments
This week on Home to Roost, South Korea insists Alaska’s LNG pipeline must make financial sense before investing, while the Trump administration apparently believes federal money can be handed out in…
I think maybe all of us are gonna have to start acquainting ourselves more with the Korean news, but Seoul Economic Daily, a story from way back on October 1st, "Opposition demands answers on US-Alaska investment announcement."
Well, this is an interesting story, of course, because we're back to exploring how we ended up in this situation where we have JD Vance and also our own Senator Sullivan talking about how the reason we're [laughs] not getting that 54 billion bucks for our pipeline is because of something happening in Korean politics.
Well, well, so, you know, if, if one wants to understand the, the sort of Korean connection to a potential Alaska gas line, one really needs to begin to look at South Korean law because the Alaska gas line, and indeed all of, uh, potential, uh, South Korean investments in the United States that, that might come in under this agreement that the Trump administration made with the South Korean government, uh, you know, bringing in $200 billion over, over years for infrastructure development in the United States, plus another $150 billion simply to be invested solely in shipbuilding.
But the thing is that this isn't just an agreement between two administrations, the South Korean administration and, and the United States administration.
Th-this, this, this agreement has actually also been codified in South Korean law, which means that there are South Korean laws that are structuring and go-going to provide really the ultimate framework for South Korean decisions as they move forward.
Well, you talked a little bit about that last week, right, in terms of just some of the limits that exist now in South Korean law on how much money can be invested in the United States in one single event.
So in order to avoid disruptions, and really one might say distortions, to the South Korean currency, the won, yes, South Korea has passed a law saying that they can only invest in terms of public money through this $200 billion, part of this $200 billion package.
They're limited to 200 billion a year annually, and we discussed that last week.
I think maybe all of us are gonna have to start acquainting ourselves more with the Korean news, but Seoul Economic Daily, a story from way back on October 1st, "Opposition demands answers on US-Alaska investment announcement."
Well, this is an interesting story, of course, because we're back to exploring how we ended up in this situation where we have JD Vance and also our own Senator Sullivan talking about how the reason we're [laughs] not getting that 54 billion bucks for our pipeline is because of something happening in Korean politics.
Well, well, so, you know, if, if one wants to understand the, the sort of Korean connection to a potential Alaska gas line, one really needs to begin to look at South Korean law because the Alaska gas line, and indeed all of, uh, potential, uh, South Korean investments in the United States that, that might come in under this agreement that the Trump administration made with the South Korean government, uh, you know, bringing in $200 billion over, over years for infrastructure development in the United States, plus another $150 billion simply to be invested solely in shipbuilding.
But the thing is that this isn't just an agreement between two administrations, the South Korean administration and, and the United States administration.
Th-this, this, this agreement has actually also been codified in South Korean law, which means that there are South Korean laws that are structuring and go-going to provide really the ultimate framework for South Korean decisions as they move forward.
Well, you talked a little bit about that last week, right, in terms of just some of the limits that exist now in South Korean law on how much money can be invested in the United States in one single event.
So in order to avoid disruptions, and really one might say distortions, to the South Korean currency, the won, yes, South Korea has passed a law saying that they can only invest in terms of public money through this $200 billion, part of this $200 billion package.
They're limited to 200 billion a year annually, and we discussed that last week.
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