Nuclear Deal Archives | Be Korea-savvy

Hyundai Engineering & Construction Wins First U.S. Nuclear Deal by a Korean Firm

SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Engineering & Construction Co. has secured the first U.S. large-scale nuclear power project contract awarded to a South Korean company, a move that could significantly expand its presence in the rapidly growing American nuclear market. The company said Sunday it recently signed a preliminary design agreement with Fermi America, [...]

Korean Nuclear Deal With Westinghouse Sparks Concerns Over Costly Concessions

SEOUL, Aug. 19 (Korea Bizwire) — A $26 billion nuclear power contract won by South Korean firms in the Czech Republic is drawing scrutiny after revelations that Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) signed a sweeping agreement with Westinghouse Electric that could bind Seoul’s industry to decades of costly obligations. [...]