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Gates Seoul Visit Advances TerraPower SMR Talks With Korean Partners

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Yonhap News Agency reported that Bill Gates arrived in South Korea for next-generation reactor meetings involving TerraPower links to SK Group, HD Hyundai and AI-driven grid demand.

Verified against source materialEdited by SendTech Times Capital & Policy DeskSource: Yonhap News Agency
Gates Seoul Visit Advances TerraPower SMR Talks With Korean Partners
Image source: Yonhap News Agency

Bill Gates arrived in South Korea for talks that connect TerraPower's small modular reactor program with Korean energy and industrial partnerships.

Yonhap News Agency reported that the TerraPower founder came to Seoul on Thursday to meet political and business leaders about cooperation on next-generation nuclear reactors.

The visit gives the SMR discussions a near-term meeting track rather than only a technology roadmap.

Gates landed at Gimpo International Airport at around 9:20 p.m., and the planned Seoul schedule includes Prime Minister Han Seong-sook, SK Group Chairman Chey Tae-won and HD Hyundai Chairman Chung Ki-sun.

Korean Partners Sit Close To The Reactor Plan

TerraPower's Korean links are already financial and industrial.

SK Group is a major shareholder after a US$250 million investment, while HD Hyundai has been expanding work with TerraPower around SMRs.

The reactor discussion is tied to both energy supply and heavy industry.

Yonhap reported that TerraPower, founded by Gates in 2006, has been developing nuclear reactors intended to be safer, more efficient and more cost-effective as electricity demand rises with artificial intelligence technologies.

Natrium Still Faces Commercialization Gates

The company's Natrium design remains the technical center of the Seoul discussions.

The source described the reactors as among the most advanced SMRs in development, with high thermal efficiency, enhanced safety and about 40 percent less nuclear waste than conventional reactors.

Regulatory progress in the United States has also moved the project from concept toward construction.

TerraPower received a U.S. Nuclear Regulatory Commission permit in March to build an SMR plant in Wyoming, a step that raised commercialization prospects without making full deployment automatic.

For South Korea, the immediate question is how far those partnerships can move from investment and collaboration into reactor supply chains, shipbuilding-linked applications or other SMR work.

The Seoul meetings put that question before government and industrial leaders as AI-driven grid demand keeps power supply on the technology agenda.

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