SK, Samsung among Korean firms considering Westinghouse stake acquisition

Major Korean companies including Samsung, SK and Doosan are considering participating in the acquisition of a stake in U.S. nuclear power company Westinghouse, according to industry sources. If private companies join nuclear cooperation between Korea and the United States, which has so far been led largely by state-run companies such as Korea Electric Power Corp. (KEPCO) and Korea Hydro & Nuclear Power (KHNP), the move is expected to give Korean companies greater momentum in entering the U.S. nuclear power market. Government and industry sources said Wednesday that the government has been surveying nuclear power-related companies about their interest in investing in Westinghouse since announcing its investment plans in the United States. Companies interested in participating recently gathered at a meeting hosted by KEPCO to discuss potential investment options, according to the sources. Samsung C&T, SK Group, Hyundai Engineering & Construction and Doosan Enerbility were among the companies that attended the meeting. Securing a stake in Westinghouse is one of the key issues in investment