On January 13, 2025, South Korean Minister Ahn Duck-geun announced the resolution of all outstanding issues regarding energy cooperation between South Korea and the United States. This announcement marks a significant settlement in the long-standing dispute between Westinghouse and Korea Hydro and Nuclear Power Corporation, paving the way for a contract related to the Czech nuclear power plant [861e168d].
Minister Ahn emphasized the importance of this resolution, which comes ahead of the planned export of the Czech nuclear power plant in March 2025. He noted that this development has positive implications for the global nuclear market [861e168d]. During his visit to Washington, D.C., on January 8, 2025, Ahn met with U.S. Secretary of Energy Jennifer Granholm to sign a Memorandum of Understanding (MOU) focused on nuclear power plant exports, reaffirming the principles of peaceful nuclear use [861e168d].
Ahn highlighted that issues persisting for eight years, including those stemming from 17 years of litigation, have now been resolved. He also pointed out the stability of the South Korean economy during his trip, which was well-received by U.S. officials who acknowledged the contributions of South Korean corporations to the U.S. economy [861e168d].
In addition to the energy cooperation developments, the ongoing Great Whale project was discussed, with Ahn stating that exploratory drilling is currently underway, and an interim report is expected by May 2025 [861e168d]. This comprehensive resolution of energy cooperation issues signifies a strengthening of ties between South Korea and the U.S. in the nuclear sector, amidst broader global energy dynamics.