KEPCO KPS, a subsidiary of Korea Electric Power Corporation, lost approximately 96% of a 200 million Korean won investment in Smart Power, created to commercialize and export the domestically developed SMART small modular reactor (SMR). The company sold its stake for 8.8 million won in November 2023 after seven years, following a decline in Smart Power’s financial condition and the stake’s value. SMART, developed by the Korea Atomic Energy Research Institute, received standard design approval in 2012. The investment was made as the government pursued a potential Saudi Arabian export, supported by a Korea-Saudi Arabia memorandum of understanding and a pre-construction detailed design agreement involving K.A.CARE. Although $130 million, or about 180 billion won, was invested in that design work by 2018, no SMART construction contract followed. KEPCO KPS is now pursuing the SMR market through inspection and maintenance technologies, including remote robots and high-resolution camera systems, rather than equity investment.