The South Korean steel industry may be able to clinch new opportunities if it takes part in the Alaska gas pipeline project led by the Donald Trump administration, despite the envisioned 25 percent U.

The $44 billion Alaska LNG project, which U.S. President Donald Trump touted Japan, South Korea and other nations “want to invest trillions of dollars each,” involves constructing a 1,300-km pipeline from Alaska’s North Slope to the southern coast.

Alaska political leaders on Wednesday broadly welcomed President Donald Trump’s remarks to Congress talking up the prospects of the state’s long-sought but faltering natural gas pipeline. In his speech to a joint session of Congress on Tuesday night, the president said, “It will be truly spectacular. It’s all set to go.”

Alaska received a brief shoutout during President Donald Trump’s speech to the 118th Congress on Tuesday, touting the development of a major natural gas pipeline from the North Slope to Nikiski.

South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea's Industry Minister Ahn Duk-geun said on Tuesday.

President Donald Trump touted his administration's work on a proposed Alaska pipeline, underscoring his push to invigorate a long-stalled US$44bil project to transport natural gas across the state and export it overseas.

The Korean government refuted Wednesday United States President Donald Trump's remarks that South Korea’s average tariff is four times higher than that of the U.S., saying it will

Japan, South Korea and other countries want to partner with the United States in a "gigantic" natural gas pipeline in Alaska, U.S. President Donald Trump said on Tuesday, claiming they would invest "trillions of dollars each.

Some officials in South Korea say agreeing to the pipeline investment might placate the U.S., but Trump is still threatening tariffs.