The South Korean government has requested a postponement of a Diet briefing on its investment plan in the United States. The Ministry of Trade, Industry and Energy disclosed this on the 16th.
The South Korean government had scheduled a briefing to a Diet committee on its investment plan in the United States for the 17th, but requested that it be postponed. The Ministry of Trade, Industry and Energy announced the decision.
According to reports, one of the proposals under consideration includes the possibility of taking a stake in Westinghouse. South Korea aims to acquire a minority stake through a strategic investment fund for investment in the United States, as part of a support package envisaging the construction of up to 8 new nuclear reactors in the country.
South Korea is seeking a seat on Westinghouse's board and a voice in decision-making, while the U.S. government has taken a cautious stance. The Ministry of Trade, Industry and Energy said the two countries were continuing discussions on investment in U.S. nuclear power projects, adding that specific details had not been finalized.
The U.S. Department of Commerce and Westinghouse did not respond to requests for comment. Related information indicated that a final decision could take time as the government and companies continue their discussions.