South Korean-designed 1,400MW pressurised water nuclear reactor, built domestically and exported for new power plants worldwide.
South Korea's first agreed US investment project is a $23.3 billion gas-fired power plant in Encinal, Texas. Japan's March batch has the same tilt, putting allied money into US generation next to data-center clusters that are short of power.
Reality
Westinghouse is demanding more than the $175 million licensing fee on each APR1400 built in the US, The Seoul Economic Daily reports. A bigger payment leaves Korea less room on cost and less of the work it needs to make the US reactors commercially reasonable.
Reality
Beomhan Mecatec will bend 3.9-meter steel plate into demonstration AP1000 containment sections that Westinghouse reviews before picking a supplier. Passing is worth only as much as the U.S. reactor pipeline expected to follow.
Reality
The government told the National Assembly that the Encinal combined-cycle project in Texas should return $43bn to $45bn over 20 years. People Power Party lawmakers left the closed-door briefing asking who buys the power.
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Seoul's trade minister returned from Washington with a reported tentative agreement to build at least two APR1400 units inside an eight-reactor, $120 billion program that Westinghouse wants built entirely to its own design.
Reality
Samsung and SK Hynix have pulled fabs that were not due until around 2045 into the early 2030s. The working group drafting Korea's 12th electricity plan is still working out how much of that power to believe.
Reality