SEOUL, Aug. 22 (UPI) -- Controversy has continued in South Korea throughout this week after media reports about the 50-year agreement between state-run Korea Hydro & Nuclear Power, or KHNP, and Westinghouse Electric Co. LLC of the United States.
At first, the contract sparked criticism from the ruling Democratic Party, which asked to scrap the "humiliating slave contract" inked in January under the previous Yoon Suk-yeol administration and renegotiate.
KHNP reportedly agreed to buy $650 million worth of Westinghouse goods and services for every nuclear reactor it exports, in addition to paying $175 million per reactor in licensing fees, during the next half-century.
The long-term deal is also known to contain a provision that gives Westinghouse the right to assess whether Korean companies are technically independent before they can compete for international nuclear projects.
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