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KHNP, Westinghouse reach agreement on intellectual property dispute

  • Korea Hydro & Nuclear Power has reached an agreement with Westinghouse over an intellectual property rights dispute, enhancing cooperation in the nuclear energy market.
  • The agreement removes a major hurdle for KHNP in building two reactors at the Dukovany Power Plant in the Czech Republic.
  • The settlement is expected to foster closer ties between South Korea and the United States in the nuclear energy sector.
  • The agreement allows for future collaboration on nuclear projects globally, as noted by Westinghouse President & CEO Patrick Fragman.
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