South Korea’s SK ties up with Bill Gates’ TerraPower for nuclear power opportunities By Reuters

© Reuters. Employees of SK Hynix walk at the company’s main office building in Seoul October 24, 2012. REUTERS/Kim Hong-Ji/Files

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.

Source: Investopedia