South Korea, U.S. agree on $10 billion nuclear equipment investment plan

  • South Korea and the United States agreed to use advance reactor-equipment orders for Korean investment.
  • About $10 billion is targeted for disbursement this year within a $200 billion U.S. investment package.
  • The government discussed the plan at a closed-door committee session of the National Assembly on the 22nd.

South Korea and the United States have agreed in principle to execute $10 billion of Korean investment through advance orders for long-lead components needed for future U.S. nuclear power plants. The arrangement addresses Washington's request for Seoul to disburse about $10 billion this year as part of a $200 billion strategic investment package. Because the projects have not yet been finalized, the funds would finance core equipment orders instead of an upfront cash transfer. The government discussed the plan with the U.S. side and reported it during a closed-door plenary session of the National Assembly's Trade, Industry, Energy, SMEs and Startups Committee on the 22nd. Reactor components can take four to five years from order to delivery, allowing early procurement to shorten construction timelines. The government also expects Korean nuclear companies to win contracts supplying the equipment, potentially returning part of the investment to domestic firms as revenue.

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