What does the Westinghouse–KEPCO–KHNP settlement agreement specify regarding territorial rights for reactor exports, particularly in Saudi Arabia?

The January 2025 settlement agreement grants KEPCO and KHNP rights to use Westinghouse technology for South Korean reactor designs in territories spanning four continents, including Saudi Arabia; it reserves North America, Japan, Ukraine, and most of Europe exclusively for Westinghouse, and restricts KEPCO and KHNP from engaging in commercial discussions with customers outside their permitted territories without Westinghouse’s prior approval.

Why did KEPCO object to Trump’s nuclear deal with Saudi Arabia, and what remedy did it seek?

KEPCO objected because it viewed Trump’s Saudi nuclear deal — which opens the kingdom to US reactor developers like Westinghouse — as a breach of the settlement that designated Saudi Arabia as a territory for South Korean firms; in a March 16 letter, KEPCO stated it had pursued the Saudi project for over 15 years as a 'key project' and demanded access to a market of 'comparable value', such as the US, to avoid violating the agreement.

Trump's Saudi Nuclear Deal Triggers Regulatory Review of Westinghouse Settlement

Jul 24, 2026

EU regulators are scrutinizing a settlement between Westinghouse and South Korean firms following Trump's proposed nuclear cooperation deal with Saudi Arabia. The dispute centers on market access rights for reactor technology and nuclear fuel supply chains.

bloomberg

2026-07-24

Trump's Saudi Nuclear Deal Triggers Regulatory Review of Westinghouse Settlement

2026-07-31

Nuclear company Westinghouse confidentially files for US IPO

Trump's Saudi Nuclear Deal Triggers Regulatory Review of Westinghouse Settlement

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