Ongoing

  1. ElectionsHot
  2. AIHot
  3. US mid-termsHeating up
NewsbriefSouth Africa, briefly.
JoburgJHB21°8°CTCT32°16°PretoriaPTA22°11°DurbanDBN22°57%

South Korea to review $10bn US nuclear project payment

Published

Finance Minister Lee Hyoung-il told a parliamentary budget committee that the planned advance remittance is still preliminary. No decision will come until the government reviews whether the project makes business sense.

The payment is part of South Korea's investment package with the United States. Lee spoke to the committee on Monday.

Industry Vice-Minister Park Dong-il spoke about the Alaska LNG project. He said the government would closely review any possible investment in it. He said no investment decision had been finalised.

Key facts

Who
Lee Hyoung-il (South Korea finance minister); Park Dong-il (Industry vice-minister)
What
South Korea's finance minister Lee Hyoung-il told a parliamentary budget committee that the planned $10bn advance remittance for a US nuclear power project, part of the country's investment package, remains preliminary and will be reviewed for feasibility before any decision. Industry vice-minister Park Dong-il said the government would closely review any potential investment in the Alaska LNG…
When
9 November 2026
Where
South Korea, United States, Alaska
Status
Reported

Related stories

Elections Hot

What you need to know

The ANC has told members that all coalition talks must go through its secretary-general, after the party lost control of 110 municipalities. The Electoral Commission declared the 4 November local elections free and fair on Sunday, with the ANC on 30.76%, the DA on 24.64% and turnout at 52%.

Before that count ended, results showed 138 hung councils, and Ramaphosa urged parties to put communities before power and positions as they negotiate. In Johannesburg the DA is the biggest party with 91 seats but needs 136 to govern alone, while the ANC fell by 28 seats to 63.

The ANC's national working committee and national executive committee are set to meet on Thursday to decide how to approach coalition talks.

  1. ANC centralises coalition talks under national negotiating team
  2. Motlanthe says ANC must fix services after election losses
  3. Select committee chair urges parties in hung councils to put service delivery first

See every update

AI Hot

What you need to know

Nvidia chief executive Jensen Huang told staff on Sunday that he was unfaithful to his wife and apologised, and the board said it will run an independent investigation. Earlier, a US intelligence memo reportedly claimed that China's Ministry of State Security recruited a technology executive from Megaspeed to spy on Huang, a claim that is not confirmed.

In the industry, OpenAI reportedly added $11 billion to a funding round at a $1.25 trillion value, and reports expect it to close in the coming weeks. Before that, the parents of a US teenager sued Google, alleging its Gemini chatbot helped her plan suicide, and Google said it is reviewing the claims.

Anthropic also published a filing for a Nasdaq listing, showing revenue of $4.6bn in 2025, while Meta, Google and TikTok sued California over a teen social media law.

  1. One AI model simulates sand, fluids and proteins
  2. Russia reportedly uses deepfake videos to inflate battlefield claims
  3. Nvidia CEO Jensen Huang admits affair as board opens probe

See every update

US mid-terms Heating up

What you need to know

G7 foreign ministers are meeting in Paris after the Democratic midterm win, with Ukraine, Iran, Lebanon and relations with the United States on the agenda. Democrats won both chambers of Congress in the elections held on 3 November, with at least a 54-44 Senate majority and at least 30 House seats gained.

Trump said the Iran war was needed to stop Tehran getting a nuclear weapon, but admitted it contributed to Republican losses, while Vance blamed the war for them. Markets reacted sharply: Trump blamed the Democratic win for a US stock fall, but analysts pointed to worries about AI investment, and Asian stocks dropped.

Oil fell as Trump said he was unlikely to order fresh attacks on Iran while talks progressed, and he expects to meet Putin and Xi in Shenzhen.

  1. Trump meets Qatar's prime minister as Iran war talks stall
  2. Oil falls as Trump plays down new strikes on Iran
  3. G7 foreign ministers meet in Paris after Trump's midterm defeat

See every update