Why its Big Bet on Westinghouse Nuclear is Bankrupting Toshiba

Why its Big Bet on Westinghouse Nuclear is Bankrupting Toshiba

Toshiba, the venerable 80-year old Japanese electronics giant, appears to have gone bankrupt. Toshiba's losses stem from its construction of new nuclear plants in the United States.

Korea is winning the global competition to cheaply build new nuclear plants despite — or perhaps because of — being new to the game, and a small player compared to Russia, China, the US, France and Japan.

Korea has done so through focus: standard design, standard construction of plants, standard operation and standard regulation. Korea's nuclear plants are plug-and-play.

What does it mean for nuclear? What does it mean for the West?

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