KHNP, KEPCO resolve IP dispute with Westinghouse, paving way for stronger nuclear energy cooperation

Korea Hydro & Nuclear Power and Korea Electric Power Corporation have resolved their intellectual property dispute with U.S.-based Westinghouse.

The agreement, announced Friday, ends the legal dispute and paves the way for stronger cooperation in the global nuclear energy market.

With KHNP the preferred bidder for a nuclear power project in the Czech Republic, the deal is expected to boost their chances of securing the project.

KHNP said it aims to strengthen its position in the global market by forming a new strategic relationship with Westinghouse.