Speculation US May Announce New Nuclear Plant During Korea Trade Negotiations

China currently has 29 nuclear power plants under construction, significantly outpacing the United States, which has zero. Russia has five nuclear reactors under construction. The U.S. government is reportedly proposing that South Korea build a nuclear power plant within the United States. South Korea's Industry Minister is meeting with U.S. officials to discuss this proposal, potentially related to a trade deal. Multiple collaborations between South Korea and the U.S. already exist in the nuclear energy sector. KHNP is a major South Korean nuclear player collaborating on reactor designs and enrichment capacity. Doosan Enerbility is involved in building a supply chain for reactors in Texas. The proposed U.S. plant will likely be an AP1000 reactor, a design licensed by Westinghouse. Goldman Sachs sees significant financial potential in the nuclear sector, especially with new AP1000 projects. The U.S. nuclear industry hopes to improve construction efficiency after past cost overruns and delays.