Samsung C&T, Hyundai E&C and Doosan Enerbility are weighing a 5% to 10% stake in Westinghouse, the Korea Herald and Seoul Economic Daily reported. Seoul Economic Daily put the cost near $2.8 billion, a price that depends on Westinghouse going public.
Perspective Coverage
4 publishers
- Builder
- Builder 25%
- Operator
- Operator 30%
- Investor
- Investor 45%
Reality
- Evidence50
- Adoption
- Not scored
- Hype gap+15
- Incentives65
- Confidence55
Korea's building fuel cell makers plan a joint export brand after losing their public-building mandate
Korea's building fuel cell makers plan a joint export venture on Japan's 2009 Ene-Farm model after a new hydrogen law dropped their public-building mandate. Members and terms are still being discussed, while the dated contracts are in power generation and storage.
Reality
- Evidence55
- Adoption25
- Hype gap+10
- Incentives65
- Confidence50
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
- Evidence55
- Adoption15
- Hype gap+30
- Incentives70
- Confidence60
Korea Electric Power Corp. said names, affiliations and phone numbers of about 24,000 employees appeared on an outside website. What it costs the state-run utility, and anyone pricing governance at state-linked firms, turns on a cause still under joint investigation with law enforcement.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+10
- Incentives55
- Confidence60
The two chipmakers turned down a request to pay five years of power bills upfront, leaving the grid buildout to bonds KEPCO sold at 4.00% to 4.41% last month, with its statutory issuance ceiling tightening at the end of 2027.
Reality
- Evidence68
- Adoption
- Not scored
- Hype gap+12
- Incentives62
- Confidence70
Korea's nuclear framework opens the U.S. market to the APR-1400 where package money pays
The government's framework report to the National Assembly on the 22nd lifts a confidential Westinghouse restriction on the APR-1400, but only for units built with money from the U.S. investment package, and the Saudi and Vietnam payoff is still a forecast.
Reality
- Evidence36
- Adoption
- Not scored
- Hype gap+42
- Incentives72
- Confidence34
A Westinghouse board seat starts at 4.1 trillion won of Korea's own cash
Washington has told Seoul that buying into Westinghouse sits outside the $200 billion investment package, according to Sedaily. Brookfield and Cameco's filings set 10% as the floor for naming even one director.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives70
- Confidence50
Korea weighs quadrupling its crude freight subsidy as Dubai crude jumps 53% in five weeks
The trade ministry summoned Korea's four refiners on the 14th to weigh paying more of the freight gap on crude from the Americas, Africa and Southeast Asia. September and October cargoes are already more than 90% secured.
Reality
- Evidence55
- Adoption25
- Hype gap+12
- Incentives62
- Confidence50
Offshore leveraged bets on Samsung and SK Hynix grew more than twentyfold in six months
The Bank of Korea's September policy report puts the two chipmakers at nearly half the Kospi's market value. It warns that daily rebalancing in leveraged products can carry price moves between Hong Kong and Seoul.
Reality
- Evidence44
- Adoption56
- Hype gap+18
- Incentives40
- Confidence46
US grid buyers outnumber Korea's equipment sellers four to one at this year's KOTRA event
Twelve Korean power equipment firms will meet about 50 American buyers on a KOTRA-organised trip that drew 10 firms and 12 buyers last year, with a Silicon Valley leg added to the Dallas itinerary.
Reality
- Evidence42
- Adoption32
- Hype gap+24
- Incentives70
- Confidence43
Korea's budget ministry leaves all 140 programs of its new Future Response Fund out of performance review
The Ministry of Planning and Budget's performance plan lists none of the fund's 140 programs, and an analysis for People Power Party lawmaker Park Soo-young counts 21.7 trillion won of its spending as inconsistent with the fund's own purpose.
Reality
- Evidence45
- Adoption20
- Hype gap+18
- Incentives78
- Confidence40
EM&T's 10,000-ton magnet target runs through a KEPCO substation
Evolution Metals wants ten times the magnet output from its Pohang plant. The gating item is a power connection that has to grow from 130 megawatts to about 750, and the utility is covering most of that build.
Reality
- Evidence32
- Adoption
- Not scored
- Hype gap+46
- Incentives76
- Confidence62
KEPCO's balance sheet, not chip demand, is now the thing scheduling Korea's fabs
Seoul will take cash equity in KEPCO for the first time since its 1989 listing, because a utility carrying 210.7 trillion won of debt cannot borrow fast enough to wire the fabs.
Reality
- Evidence57
- Adoption34
- Hype gap+14
- Incentives63
- Confidence45