Negotiations between South Korea and the United States regarding an investment in the U.S. nuclear company Westinghouse are ongoing, but the two sides have reportedly not narrowed their differences.
On September 22, Reuters cited sources indicating that the U.S. and South Korea have yet to reach an agreement on the Westinghouse stake investment.
The Westinghouse investment is a key issue in the $350 billion U.S. investment initiative that both countries are pursuing, alongside the construction of new nuclear power plants in the U.S.
According to political sources, the South Korean government has been seeking to secure around a 20% stake in Westinghouse, which would grant it a significant voice on the board, in relation to the construction of eight new nuclear reactors in the U.S. In contrast, the U.S. has reportedly proposed limiting South Korea's stake to the 7% range.
Meanwhile, the Ministry of Trade, Industry and Energy reported to the National Assembly on the same day, indicating that the Texas gas-fired power plant project is being considered as a $10 billion investment candidate, according to Reuters.
This project involves an investment of $22.3 billion to construct a 6.3 GW gas-fired power plant in Texas, which will supply power to AI data centers and semiconductor factories.
* This article has been translated by AI.
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