Korea's Biggest Conglomerates To Be Built In Asia
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| Korea's Biggest Conglomerates To Be Built In Asia |
Some Of Korea's Biggest Conglomerates To Be Built In Asia By Some Of Korea's Biggest Conglomerates
As the worldwide need for clean energy develops, Samsung and two other Korean corporations have struck an agreement with NuScale of the United States to build small-scale modular nuclear reactors, or SMRs, in Asia.
The deployment of NuScale's SMR power plants will be investigated by NuScale and Samsung C & T, Samsung Group's construction and trading arm, as well as units of Korean conglomerates Doosan Group and GS Group.
In a statement, NuScale said, "This news is a vital next step in bringing NuScale's clean energy solution to Asia."
The agreement was revealed after Yoon Suk-yeol was elected president of South Korea in March.
Yoon, who assumed office on May 10, has promised to embrace nuclear energy in order to speed up South Korea's development.
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