January 17, 2025 - 10:15
Westinghouse Electric Co. and South Korea have successfully settled a long-standing intellectual property dispute that posed significant challenges for South Korea's ambitions in the global nuclear market. This resolution is expected to pave the way for South Korea to enhance its position as a leading supplier of nuclear reactors worldwide.
The dispute centered around proprietary technology that Westinghouse claimed was being used without authorization. The settlement allows both parties to move forward, with South Korea now better positioned to expand its nuclear energy capabilities and export its technology internationally.
This agreement is seen as a crucial step for South Korea, which has been striving to establish itself as a competitive player in the nuclear energy sector. With the resolution of this dispute, South Korea can now focus on advancing its nuclear projects and strengthening its partnerships with other countries interested in nuclear energy development. The outcome reflects a commitment to collaboration and innovation in the nuclear industry, benefiting both Westinghouse and South Korea.
