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South Korea’s Lee, Trump welcome progress in US strategic investment projects

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SEOUL, Sept 23 (Reuters) - ‌South Korean President Lee Jae Myung and ​US President Donald Trump welcomed "significant progress" in discussions on strategic investment ⁠projects during a 30-minute meeting on the sidelines of the UN General Assembly, Seoul's presidential office said on ​Wednesday.

The meeting came after South Korea's Industry Ministry briefed lawmakers on ‌Tuesday on implementation plans under the countries' $350 billion investment package, including a Texas gas-fired power project identified as a potential ⁠first investment, as well as possible investments ⁠in nuclear energy and an Alaska LNG project.

"The two leaders welcomed the significant progress made in discussions on strategic investment projects between the two countries," National Security Adviser ‌Wi Sung-lac told a briefing.

Based on the joint statement ⁠issued after their summit last November, ‌Lee and Trump also agreed to ​deepen cooperation and continue discussions on issues including nuclear fuel reprocessing, nuclear-powered submarines, shipbuilding and the transfer of ‌wartime operational control from the US to ​South Korea, Wi said.

Trump ⁠also reaffirmed his willingness to engage in ‌dialogue with North Korea, Wi ⁠said, with the two leaders agreeing to remain in close communication in pursuit of a peace process.

Lee also said ​the US-China summit scheduled ‌for Thursday would be important for regional developments, including South ⁠Korea-China relations, and expressed ​hope for a successful meeting, Wi said.

(Reporting by Kyu-seok ​ShimEditing by Ed Davies)

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