Tag: westinghouse

westinghouse

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South Korean government official speaking at a podium beneath the national government emblem.

Korea conditions Alaska LNG investment on viability as Washington touts $50B from Seoul

Seoul says profit-sharing protections and revised Westinghouse terms will support its $200 billion U.S. investment pledge.

2026.10.1

Korea picks Texas gas plant as first project in $200 billion U.S. investment package

A $22.3 billion Texas gas power plant is the first project in Korea's $200 billion U.S. investment package, while nuclear reactor and Alaska LNG plans remain under review.

2026.9.22

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Seoul and Washington haggle over terms of $200 billion investment pledge

President Lee Jae Myung has stressed commercial viability as Seoul seeks assurances while Washington pushes for an “invest now, assess later” approach.

2026.9.21

Korean President Lee Jae Myung, right, greets U.S. President Donald Trump in his visit to Gyeongju National Museum in North Gyeongsang, for a summit on Oct. 29.

Inside the Korea-U.S. $200 billion investment package tug-of-war

Seoul delayed its U.S. investment package as disputes persist over a Texas power plant, a Westinghouse stake and Alaska liquefied natural gas.

2026.9.16

What Korea stands to gain — and lose — from U.S.-Saudi nuclear deal

After its recent agreement with Riyadh, Washington could gain an edge in its bids for Saudi reactors, but experts say it will still need Korean builders and suppliers to deliver any major nuclear project.

2026.8.3

Whang Joo-ho, president of Korea Hydro & Nuclear Power (KHNP), answers lawmakers’ questions regarding the agreement reached earlier this year with Westinghouse to end an intellectual property dispute during an Industry, Trade, and Energy Committee meeting at the National Assembly in Yeouido, western Seoul, on Aug. 19. [YONHAP]

KHNP president offers to resign amid controversy over settlement deal with Westinghouse

Whang Joo-ho, president of the state-run Korea Hydro & Nuclear Power (KHNP), has offered to step down, industry sources said Wednesday.

2025.9.17

Cooling towers at Dukovany nuclear power plant in the Czech Republic, where Korea Hydro & Nuclear Power (KHNP) is set to build two reactors at a deal sized at $18 billion. [SARAH CHEA]

체코 원전 계약 ‘비공개 조항’ 조사… 한미 정상회담 변수

The presidential office has ordered a fact-finding probe into a recently finalized nuclear power deal with the Czech Republic, clouding the outlook for both the 26 trillion-won ($18.7 billion) contract and future exports of Korean reactors.

2025.8.28

Korea Hydro & Nuclear Power (KHNP) President and CEO Whang Joo-ho speaks during a National Assembly session on the intellectual property settlement with U.S.-based Westinghouse at the National Assembly in Yeouido, western Seoul, on Aug. 19. [YONHAP]

KHNP CEO to meet Westinghouse officials in U.S. for joint venture discussions

Whang Joo-ho, President and CEO of KHNP, will visit the United States on Saturday to meet with officials from Westinghouse Electric Company (WEC) and sign an agreement to establish a joint venture aimed at penetrating the U.S. nuclear power market.

2025.8.20

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

Minister of Trade, Industry and Energy Ahn Duk-geun departs from Terminal 1 of Incheon International Airport on May 6 to finalize a deal for a new nuclear power plant project in Dukovany, the Czech Republic. [NEWS1]

Industry minister confident $18 billion Czech nuclear deal will proceed

Minister of Trade, Industry and Energy, Ahn Duk-geun, said Tuesday that “no big problems are anticipated” in Korea’s $18 billion nuclear power plant deal with the Czech Republic.

2025.5.7