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South Korea Orders Review on Westinghouse Nuclear Power Deal

South Korea Orders Review on Westinghouse Nuclear Power Deal

Bloomberg2 days ago
South Korea will review an agreement with Westinghouse Electric Co. to resolve a nuclear power intellectual property dispute after local media reported the deal's potentially unfavorable terms.
State-owned Korea Hydro & Nuclear Power agreed to pay $825 million to Westinghouse every time it exports one nuclear reactor, for the purchase of services and goods and the use of technology, Seoul Economic Daily reported, citing a contract seen by the daily newspaper. Nuclear-related stocks in Seoul tumbled on the report on Tuesday.
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