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, the founder and chairman of U.S. nuclear energy company TerraPower, in Seoul this week to explore expanding their cooperation in small modular reactors (SMRs), according to industry sources. This would be their first encounter since their last meeting in July 2023 at the World Economic Forum in Davos, Switzerland.
The meeting is significant as both HD Hyundai, Korea's leading shipbuilding group, and TerraPower have been strengthening their partnership in the SMR sector. HD Korea Shipbuilding & Offshore Engineering, the group's shipbuilding subsidiary, invested $30 million in TerraPower during 2022. Since then, HD Hyundai has been involved in the construction of reactor components for TerraPower's Natrium sodium-cooled fast reactor project located in Wyoming, United States.
In March 2025, Chung and Gates signed a memorandum of understanding to jointly commercialize the Natrium reactor and had another discussion five months later about further expanding their nuclear energy collaboration.
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.
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