Korea Hydro & Nuclear Power (KHNP) and Westinghouse are holding talks to set up a joint venture for US and European projects as they try to move on from a legal settlement that has been criticised by politicians in Seoul, multiple press reports have said.
The UK daily Financial Times (subscription required) reported that KHNP’s chief executive will travel to Washington on Saturday to meet executives from Pennsylvania-based Westinghouse.
The proposed joint venture could pave the way for South Korean groups to expand in the US, where president Donald Trump has pledged to quadruple nuclear energy capacity by 2050.
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