One of the first offers to come from South Korea as part of its promised $350 billion investment in the United States is a proposal to back the renovation of an iconic landmark in President Donald Trump’s beloved hometown of New York City.
The South Korean government and its leading industry association have expressed interest in making significant investments in a complete renovation of New York City’s Pennsylvania Station and developments surrounding the area, Just the News has learned from communications and people familiar with the project.
After taking office, President Trump’s Department of Transportation (DOT) assumed control of the Penn Station renovation, which suffered from high costs and delays under New York’s Metropolitan Transit Authority. The DOT said it would seek a public-private partnership to accelerate the deadline and provide a “safer, more reliable” transportation hub for the city.
According to New York State statistics, Penn Station serves 600,000 commuters and travelers every day, and is the busiest transit hub in the Western Hemisphere. In addition, New York City’s Tourism Bureau describes nearby “Koreatown” (aka K-Town) as a premier place for visitors to satisfy their K-Pop cravings, and is famous for outstanding Korean food and nightlife, including karaoke.
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Author: Ray Hilbrich
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