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The South Korean government will soon announce a large-scale energy investment project carried out in the US to support the construction of the US artificial intelligence industry. This is a development that the market has been looking forward to for a long time since the US and South Korea reached a trade agreement last year. People familiar with the matter said that the scale of this agreement is expected to exceed 100 billion US dollars. South Korea plans to fund the construction of up to 8 nuclear power plants and a natural gas project in the US. People familiar with the matter said that at present, the two sides are about to finalize the two agreements, which may be announced to the public as early as next week. Negotiations are continuing, and investment details and announcement dates are still subject to change. People familiar with the matter said that one of the projects, which is in the final stages of negotiations, plans to build up to 8 nuclear reactors in the US to provide the electricity needed for the expansion of the data center. They added that the scale of the investment will reach tens of billions of dollars and is likely to exceed $100 billion. People familiar with the matter also said that the two sides have also discussed that some of the reactors will be built in the US using Korea Electric Power Corporation's APR1400 models. Both types of reactors in South Korea and the US generate enough electricity to supply a city. Korea Electric Power Corporation said that since negotiations between the US and South Korea are still ongoing, it cannot comment; Westinghouse Electric has yet to respond.
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The South Korean government will soon announce a large-scale energy investment project carried out in the US to support the construction of the US artificial intelligence industry. This is a development that the market has been looking forward to for a long time since the US and South Korea reached a trade agreement last year. People familiar with the matter said that the scale of this agreement is expected to exceed 100 billion US dollars. South Korea plans to fund the construction of up to 8 nuclear power plants and a natural gas project in the US. People familiar with the matter said that at present, the two sides are about to finalize the two agreements, which may be announced to the public as early as next week. Negotiations are continuing, and investment details and announcement dates are still subject to change. People familiar with the matter said that one of the projects, which is in the final stages of negotiations, plans to build up to 8 nuclear reactors in the US to provide the electricity needed for the expansion of the data center. They added that the scale of the investment will reach tens of billions of dollars and is likely to exceed $100 billion. People familiar with the matter also said that the two sides have also discussed that some of the reactors will be built in the US using Korea Electric Power Corporation's APR1400 models. Both types of reactors in South Korea and the US generate enough electricity to supply a city. Korea Electric Power Corporation said that since negotiations between the US and South Korea are still ongoing, it cannot comment; Westinghouse Electric has yet to respond.
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