Trump's Saudi nuclear deal triggers EU probe into Westinghouse settlement with Korea

KEP Korea Electric Power Corp ADR

$10.59 -1.21%

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NLR -0.51%

1. 1President Trump's Saudi Arabia nuclear agreement has prompted EU regulators to open an investigation into a settlement between Westinghouse and Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power (KHNP).
2. 2Under a settlement reached in January 2025, Saudi Arabia was designated as KEPCO and KHNP's territory, but once Trump's Saudi deal became known, the Korean side protested to Westinghouse, calling it a breach of the agreement.
3. 3The European Commission's competition authority is examining whether the settlement goes beyond a simple intellectual-property resolution to constitute market allocation, and is pushing to obtain internal documents from the three companies.

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