Minister Andeok Geun "Actively Welcome the Resolution of the Dispute between Hanwoolwon and Westinghouse"

Anduk Geun, Minister of Trade, Industry and Energy, stated on the 17th, "We actively welcome the agreement by Korea Electric Power Corporation (KEPCO), Korea Hydro & Nuclear Power (KHNP), and Westinghouse Electric Company to resolve their longstanding disputes related to nuclear power." The day before, KHNP and KEPCO agreed to settle the IP dispute with Westinghouse.

Anduk Geun, Minister of Trade, Industry and Energy. (File photo)

Minister Ahn said, "This agreement, together with the 'Interagency Agreement on the Principles of U.S.-Korea Nuclear Export and Cooperation (MOU)' signed by the governments of Korea and the U.S. on the 8th, establishes a foundation for both governments and the private sector to cooperatively engage in the global nuclear power market under the highest standards of non-proliferation," adding, "We look forward to active cooperation between companies from both countries on the global nuclear power stage in the future."

KHNP also decided to strengthen cooperation with Westinghouse in the global nuclear power market. Hwang Ju-ho, President of KHNP, said, "This agreement will serve as an opportunity to build a closer cooperative relationship between KHNP and Westinghouse."

By forming a new strategic partnership with Westinghouse, KHNP and KEPCO plan to further solidify the Korea-U.S. cooperation framework and enhance competitiveness in the global nuclear power market.

This content was produced with the assistance of AI translation services.