KBW Explainer | How a U.S. Decision Redefined Korea’s Nuclear Future

The Backdrop: A Sudden Shift in Washington In August 2024, the U.S. Department of Energy (DOE) quietly made a ruling that would reverberate through South Korea’s nuclear industry. During a closed-door meeting attended by officials from Seoul and Washington — including representatives of Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corp. (KEPCO), and [...]