SK, Samsung among Korean firms considering Westinghouse stake acquisition
Major Korean companies including Samsung, SK and Doosan are considering participating in the acquisition of a stake in U.S. nuclear power company Westinghouse, according to industry sources. If private companies join nuclear cooperation between Korea and the United States, which has so far been led largely by state-run companies such as Korea Electric Power Corp. (KEPCO) and Korea Hydro & Nuclear…
Several prominent Korean firms, including Samsung, SK, and Doosan, are contemplating an investment in Westinghouse, a U.S. nuclear power company, according to industry insiders. If private entities join the nuclear collaboration between Korea and the United States, currently spearheaded by state-owned entities like Korea Electric Power Corp. (KEPCO) and Korea Hydro & Nuclear Power (KHNP), it is anticipated that Korean businesses will gain a stronger foothold in the U.S. nuclear power sector.
Government and industry sources disclosed on Wednesday that the government has been reaching out to nuclear power-focused companies to gauge their interest in investing in Westinghouse since unveiling its investment strategy in the United States. Interested companies convened at a gathering organized by KEPCO to deliberate on potential investment avenues.
Samsung C&T, SK Group, Hyundai Engineering & Construction, and Doosan Enerbility were among the attendees at the meeting. Acquiring a share in Westinghouse is among the principal concerns in the investment process.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
