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South Korea's SK ties up with Bill Gates' TerraPower for nuclear power opportunities

05/16/2022 | 11:22pm EDT
Employees of SK Hynix walk at the company's main office building in Seoul

SEOUL (Reuters) - South Korea's SK Inc said on Tuesday it signed an agreement with TerraPower, a U.S. venture founded by billionaire Bill Gates, to tap opportunities in connection with small-sized nuclear power reactors, called small modular reactors.

SK Inc, the holding company for South Korea's second-largest conglomerate SK Group, said in a statement it signed the agreement along with affiliate SK Innovation Co Ltd.

The statement did not mention any investment details.

(Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SK INC. 2.47% 228500 End-of-day quote.-8.96%
SK INNOVATION CO., LTD. 3.93% 198500 End-of-day quote.-16.77%