Overview

• The presidential office directed the trade ministry to verify whether negotiations and signing followed proper procedure, with key terms still undisclosed under a nondisclosure agreement.
• KHNP President Whang Joo-ho said the company closed its Poland office after a new administration dropped state-run nuclear projects, noting earlier withdrawals from Sweden, Slovenia and the Netherlands.
• Media reports say the settlement obliges Korean parties to purchase about $650 million in goods and services per exported reactor and pay $175 million in royalties over 50 years, totaling roughly $825 million.
• Reports also describe a requirement for Westinghouse to verify Korean technology independence for next-generation exports such as small modular reactors.
• The settlement removed a legal obstacle that enabled a KHNP-led consortium to sign a 26 trillion won contract in June to build two units at the Czech Republic’s Dukovany site, and Whang said the terms are difficult yet still profitable.