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Korea Shipbuilding & Offshore Invests US$30 mln in TerraPower

Korea Shipbuilding & Offshore Invests US$30 mln in TerraPower

SEOUL, Nov. 7 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has announced the signing of a US$30 million investment deal with TerraPower, a U.S. nuclear power venture founded by Microsoft co-founder Bill Gates. The small modular reactor (SMR) technology owned by [...]

SK Invests $250 mln in U.S. Reactor Startup TerraPower

SK Invests $250 mln in U.S. Reactor Startup TerraPower

SEOUL, Aug. 15 (Korea Bizwire) — Two affiliates of South Korean refining-to-semiconductors conglomerate SK Group said Monday they have invested US$250 million in U.S. nuclear reactor design firm TerraPower for joint business opportunities. Through the investment, SK Inc., the holding company of SK Group, and SK Innovation Co., the country’s leading refiner, will jointly develop [...]