South Korea commits $22.3B to Texas gas power complex for data centers

South Korea selected a $22.3 billion, 6.3 GW gas-fired power complex in Encinal, Texas, as the first major investment from its $350 billion US pledge, following Japan's similar playbook. The project is designed to supply electricity to data centers and chip fabs, aligning with US energy demand growth. This marks a significant foreign direct investment in US energy infrastructure, with implications for US gas demand and bilateral trade relations.