HD Hyundai chairman, Bill Gates to meet Friday to discuss SMR cooperation: sources
HD Hyundai Chairman Chung Ki-sun plans to meet with Bill Gates, founder and chairman of U.S. nuclear energy firm TerraPower, in Seoul later this week to discuss ways to deepen cooperation in small modular reactors (SMRs), industry sources said Wednesday. It would mark their first meeting in seven months since they met on the sidelines of the World Economic Forum in Davos, Switzerland. The meeting…
HD Hyundai Chairman Chung Ki-sun is set to meet with Bill Gates, co-founder and CEO of U.S. nuclear energy company TerraPower, in Seoul later this week to explore potential collaboration in the realm of small modular reactors (SMRs), according to industry insiders. This would be their first encounter since a brief summit during the World Economic Forum in Davos, Switzerland, approximately seven months ago.
The meeting is significant as HD Hyundai, South Korea's premier shipbuilding conglomerate, and TerraPower have been strengthening their partnership in the SMR field. HD Korea Shipbuilding & Offshore Engineering, the shipbuilding arm of HD Hyundai, invested $30 million into TerraPower back in 2022. Since then, HD Hyundai has been involved in the fabrication of reactor components for TerraPower's 345-megawatt Natrium sodium-cooled fast reactor project located in Wyoming, United States.
In March 2025, Chung and Gates inked a memorandum of understanding (MOU) to work together on the commercialization of the Natrium reactor. They then reconvened five months later to deliberate on strategies to further bolster their nuclear endeavors.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
![[PHOTO] Bill Gates arrives in Korea](/img/769142)
