[Breaking] KEPCO-KHNP-Westinghouse Intellectual Property Dispute Resolved... "Nuclear Power Cooperation"

KEPCO and Korea Hydro & Nuclear Power officially announced on the 17th that they have agreed to settle their intellectual property rights dispute with Westinghouse in the United States on the 16th. KEPCO and KHNP stated that through this agreement, they officially ended the IP dispute with Westinghouse and agreed to strengthen cooperation in the global nuclear power market.

The IP dispute between KHNP and Westinghouse was considered the biggest obstacle ahead of the final contract for the construction of the new Dukovany nuclear power plant in the Czech Republic, which has a deadline in March.

By resolving the IP dispute with Westinghouse, the possibility of KHNP, selected as the preferred negotiator, securing the export contract for the new Czech nuclear power plant is expected to increase significantly.

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