South Korea’s Ministry of Trade, Industry and Energy on Aug. 24 rejected as "not true" a Korea Economic Daily report that Washington had proposed Seoul acquire a stake in Westinghouse Electric Company. The report had described a possible investment using the $200 billion Korea-US Strategic Investment Fund, aimed at combining South Korean capital and construction expertise with U.S. plans to break ground on 10 large-scale nuclear reactors by 2030 and expand power infrastructure for artificial intelligence. Westinghouse is owned 51% by Brookfield Asset Management and 49% by Cameco Corporation, while Washington reportedly has rights to acquire up to 20% under an $80 billion nuclear partnership. The reported arrangement could have helped address intellectual-property disputes involving Westinghouse technology and improved South Korean access to the U.S. large-reactor market. The denial leaves the status of any such discussions uncertain, while a January 2025 settlement between Westinghouse and Korea Hydro & Nuclear Power had already been viewed as a step toward easing export disputes.