K-SignalAI-generated
Czech Nuclear Deal Collapse Sends Daewoo E&C, Doosan Shares Tumbling
Korea Hydro & Nuclear Power (KHNP) ended negotiations with a local consortium on a construction contract for the Czech Dukovany nuclear power project, a deal valued at 27 trillion won (about $20.23 billion), on Oct. 29. Business Korea reports the breakdown has dealt a blow to "Team Korea," the Korean consortium, and sent Daewoo E&C and Doosan Enerbility shares tumbling, with the Korea Economic Daily also covering the stock plunge. Yonhap and the Korea Times confirmed KHNP's announcement that talks with the consortium on the construction contract have ended.
