Korea weighs eight U.S. nuclear reactors in $120 billion investment plan

  • South Korea is reviewing a proposal to build eight nuclear reactors in the United States.
  • $120 billion would fund the nuclear plan, averaging $15 billion per reactor.
  • An agreement covering the U.S. investment project could be announced Sept. 18.

South Korea is considering building eight nuclear reactors in the United States for $120 billion as part of its broader U.S. investment package, with at least two reactors assigned to Korean companies and at least two to U.S. firms. The proposal remains under review within a comprehensive framework, a binding agreement that sets a deal's broad structure while leaving detailed rules for later. Washington initially sought ten 1.1-gigawatt AP1000 reactors from Westinghouse by 2030, while Seoul advocated its 1,400-megawatt APR1400 design. The two sides could announce an agreement as early as Sept. 18, while the remaining four reactors are still subject to negotiation. Korea's $22.3 billion combined-cycle gas project in Encinal, Texas, has been selected as its first U.S. investment project, and Seoul is also expected to pursue an Alaska LNG project. Officials said U.S. investment pressure would not affect Korea's Honam semiconductor megaproject or plans to relocate Gwangju's military airport.

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Korea weighs eight U.S. nuclear reactors in $120 billion investment plan - CoinPost Terminal