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Bill Gates, founder of Microsoft and TerraPower, arrives Seoul on Aug. 13.

Bill Gates courts Korea Inc. for TerraPower's Wyoming nuclear project

Other Korean shipbuilding and machinery companies also plan to strengthen their partnerships with TerraPower, a U.S.-based small modular reactor (SMR) developer.

2026.8.14

Lee eyes seven growth engines beyond AI

President Lee Jae Myung named strategic technologies, including SMRs and fusion, as Korea's next economic growth drivers.

2026.8.12

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Make it here, pay less tax: Gov't unveils production credit for chips, batteries

A 2026 tax package gives domestic production credits for chips, batteries and other key sectors while creating a Korea-only investment account with unlimited tax-free dividend and interest income.

2026.8.3

Three firms interested in applying for Korea's upcoming SMR preliminary review system

The system allows nuclear power plant developers to undergo safety and design verifications before formal licensing and is already adopted in countries such as the United States and Canada.

2026.7.16

Seoul, Washington and Tokyo sign SMR pact for joint reactor projects

The nations agreed to back small modular reactor projects in third countries, as their shared ties expand beyond security to commercial nuclear energy cooperation.

2026.7.8

Korea secures sites for first i-SMR and two new nuclear power reactors

KHNP selected Yeongdeok, North Gyeongsang, for two new nuclear units and Gijang, Busan for Korea’s first SMR, advancing plans to meet rising AI- and chip-driven power demand.

2026.6.17

Visitors look at a small modular reactor model set up inside the nuclear power fair at the Bexco convention center in Busan on April 22. [YONHAP]

Local governments compete to host Korea's first SMR, expect trillions of won in economic value

Local governments are competing to host Korea’s first small modular reactor (SMR) amid growing expectations that the market will expand to an astronomical scale due to generous financial support and incentives.

2026.4.25

Dinkar S. Bhatia, fifth from left, chief commercial officer of X-energy, and Bae Jong-sik, sixth from left, deputy head of the power plant division at DL E&C, pose for a photo to mark the signing of an SMR standard design contract at the Korean construction firm’s headquarters in western Seoul. [DL E&C]

DL E&C signs $10 million deal with U.S.-based X-energy to develop small modular reactor design

DL E&C will develop a standardized design for small modular reactors (SMRs) for U.S. nuclear energy provider X-energy in a $10 million deal, the Korean construction firm said Wednesday.

2026.3.25

This rendering, provided by Samsung C&T, shows an SMR plant to be built in Ringhals, Sweden, by GE Vernova Hitachi Nuclear Energy (GVH) [SAMSUNG C&T]

Samsung C&T signs MOU with GE-Hitachi JV for SMR projects

Samsung C&T, the construction unit of Samsung Group, said Thursday it has signed an initial agreement with GE Vernova Hitachi Nuclear Energy (GVH) to join their small modular reactor (SMR) projects.

2025.10.9

HD Hyundai Executive Vice Chairman Chung Ki-sun, right, meets with Bill Gates, co-chair of the Bill & Melinda Gates Foundation, at Conrad Seoul in Yeouido, western Seoul, on Aug. 22 to discuss cooperation on SMRs. [HD HYUNDAI]

Bill Gates explores business ties with SK, Samsung and HD Hyundai

Bill Gates met with Korean business leaders to discuss collaboration in nuclear energy, biotechnology and artificial intelligence.

2025.8.22