Business · Markets · 1 hr ago
South Korean pipe stocks jump on Alaska LNG investment remarks
Pipe-related stocks in South Korea rose sharply on October 14 after the White House discussed investment in an Alaska LNG project.
The US White House spokesperson said South Korea would invest $54 billion in building the project’s pipeline and terminal.
Investors expect the project could need more steel pipes, helping lift shares of companies linked to pipe and steel production.
Daehan Steel shares rose about 25% in early trading, while several other related stocks also gained.
South Korea has not confirmed an investment and says it is still assessing whether the project makes commercial sense.
The investment decision remains unresolved, and no further steps were specified.
South Korean steel and pipe-related shares rose on October 14 after a White House spokesperson said South Korea would invest in an Alaska LNG project.
The spokesperson said $54 billion would go toward an Alaska LNG pipeline and export terminal.
South Korea’s government said the investment had not been finalized and was still under review for commercial viability.
Investors expected the project to increase demand for steel products, including pipes.
Daeyang Metal rose as much as 29.92% in one report, while Daehan Steel rose 25.03% in another report.
- Who
- South Korean steel and pipe-related companies, and newly appointed White House press secretary Katie Zacharia.
- What
- Shares in several steel and pipe companies rose after Zacharia discussed a proposed South Korean investment in Alaska LNG infrastructure.
- When
- October 14, 2026; Zacharia made the remarks at a briefing on October 13 local time.
- Where
- South Korea’s stock market and the White House.
- Why
- Investors expected the project to increase demand for steel and pipes. South Korea’s government said the investment was not yet final.
White House
South Korean government
Investment status
White House
Zacharia described a $54 billion investment in the Alaska LNG pipeline and export terminal.
South Korean government
The government said the investment had not been finalized and was under review for commercial viability.
South Korea and the United States reached a trade agreement that included $200 billion in strategic investment and $150 billion in shipbuilding cooperation.
Trump announced South Korean investment in the Alaska LNG project, according to Donga Ilbo.
South Korea’s industry minister told lawmakers that the Alaska investment was not confirmed and was subject to commercial review.
White House press secretary Katie Zacharia discussed a $54 billion investment in Alaska LNG infrastructure at her first official briefing.
South Korean steel and pipe-related shares rose amid expectations of increased demand for steel products.
- Proposed Alaska LNG investment
- $54 billion
- Overall South Korean U.S. energy investment package
- Up to $200 billion
- Daeyang Metal
- Rose 29.92% to 864 won in Donga Ilbo’s report
- Daehan Steel
- Rose 25.03% to 10,990 won at 9:06 a.m. in Hankyung’s report
- South Korean government position
- Investment not finalized; commercial viability under review
3 sources
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What people are saying
The president has announced an energy investment package in the United States of up to $200 billion from South Korea
$54 billion will go into the Alaska LNG pipeline and export terminal project
It is not yet confirmed. We make clear that the meaning of having begun a review is conditional on commercial reasonableness
If that’s the case, then we can charge them more money. Tell them that if they don’t sign soon, we’ll double the investment amount