US-Korea $120B nuclear framework names six Westinghouse AP1000s

Brookfield and Cameco said Washington and Seoul announced a non-binding framework for up to $120 billion of Korean investment to help finance eight large US reactors: six Westinghouse AP1000 units and two Korean APR1400 units that use Westinghouse technology, to be placed on still-unnamed federal sites. Cameco said a one-time waiver of Westinghouse's 2025 IP settlement with KEPCO and KHNP would allow the APR1400 pair, with about $2 billion of Westinghouse value per unit from licensing, services and fuel fabrication, plus a possible Korean equity stake that Cameco does not expect to change its own holding. Korea Herald, citing Seoul's industry ministry, said the framework does not authorize construction, that sites and schedules remain unset, and that each plant still needs a separate commercial and domestic approval.