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Participants pose for a commemorative photo during the small modular reactor (SMR) memorandum of understanding (MOU) signing ceremony held immediately following the Korea-U.S. Business Roundtable in Washington on Aug. 25. From left: Minister of Trade, Industry and Energy Kim Jung-kwan, Doosan Energy Chairman Park Gee-won, Korea Hydro & Nuclear Power President Whang Joo-ho, X-Energy CEO Clay Sell, AWS Energy Policy Manager Ray Fakhoury, and U.S. Secretary of Commerce Howard Lutnick. [DOOSAN ENERBILITY]

Korea and U.S. partner in nuclear power and mineral refining initiatives

K-nuclear power, power equipment and mineral refining companies have emerged as key pillars of Korea-U.S. manufacturing cooperation, joining shipbuilding, semiconductors and automobiles as major players that helped push through tariff negotiations.

2025.8.26

A bird's-eye view of the construction of the new Dukovany nuclear power plant in the Czech Republic [KOREA HYDRO & NUCLER POWER]

Critics raise concerns over Westinghouse deal's impact on Korea's nuclear industry

The agreement KHNP and Kepco signed earlier this year with Westinghouse to end their intellectual property dispute reportedly includes a clause requiring Korea to provide Westinghouse with royalties amounting to $825 million for every reactor.

2025.8.19

KSOE invests ￦42.5 billion in nuclear reactor firm TerraPower

Korea Shipbuilding & Offshore Engineering (KSOE) signed a 42.5 billion won ($30 million) investment agreement with TerraPower, a nuclear innovation company focused on small modular reactors (SMR) established by Bill Gates.

2022.11.4

Tag: smrs

smrs

Latest News

Korea and U.S. partner in nuclear power and mineral refining initiatives

Critics raise concerns over Westinghouse deal's impact on Korea's nuclear industry

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KSOE invests ￦42.5 billion in nuclear reactor firm TerraPower