Westinghouse Deal Archives | Be Korea-savvy
Westinghouse Pact Clips Korea’s Nuclear Ambitions, Sending Stocks Tumbling

Westinghouse Pact Clips Korea’s Nuclear Ambitions, Sending Stocks Tumbling

SEOUL, Aug. 20 (Korea Bizwire) — Shares of South Korea’s nuclear power companies tumbled Wednesday after revelations that a settlement with U.S. nuclear giant Westinghouse has sharply curtailed their access to major global markets. By mid-morning trading, Korea Electric Power Corp. (KEPCO) was down more than 5 percent, while Doosan Enerbility dropped nearly 9 percent. [...]

KHNP Confirms Business Closure In Poland Amid Controversy Over Westinghouse Deal

KHNP Confirms Business Closure In Poland Amid Controversy Over Westinghouse Deal

SEOUL, Aug. 19 (Korea Bizwire) — The chief of the state-run Korea Hydro & Nuclear Power Co. (KHNP) confirmed Tuesday the company has closed operations in Poland amid speculations that its agreement with U.S. energy firm Westinghouse over an intellectual property (IP) dispute influenced the decision. “After the new Polish administration took office … the [...]