HD Hyundai, TerraPower and Hyundai E&C Set Out to Transform the Next-Generation Nuclear Market

• HD Hyundai, TerraPower and Hyundai E&C held first executive-level meeting since signing MOU in May
• Chairman Chung Kisun says partnership will accelerate commercialization of Natrium reactors
• HD Hyundai aims to build capacity to produce 2-3 primary Natrium® components annually, deepening Korea-U.S. cooperation

SEOUL, South Korea, Aug. 14, 2026 /PRNewswire/ -- HD Hyundai is partnering with TerraPower and Hyundai E&C to accelerate its push into the U.S. small modular reactor (SMR) market.

HD Hyundai said Chairman Chung Kisun, TerraPower Founder and Chairman Bill Gates, TerraPower President and CEO Chris Levesque, and Hyundai Engineering & Construction CEO Lee Han-woo met in Seoul on Aug. 14 to discuss the collaboration.

This was the first meeting among the top executives of the three companies since HD Hyundai, TerraPower and Hyundai E&C signed a trilateral memorandum of understanding in May to cooperate on next-generation sodium reactor projects.

At the meeting, Chairman Chung and the other executives held in-depth discussions on a range of cooperation opportunities to commercialize land-based reactors, building on progress made to date.

"We expect this cooperative framework, which spans technology, manufacturing and EPC, to accelerate the commercialization of next-generation Natrium reactors," Chairman Chung Kisun said. "We will actively respond to growing demand for SMR-based power generation through our own technology development and collaboration with global companies."

HD Hyundai has been refining the scope of its supply chain cooperation and plans to accelerate investment in production facilities ahead of commercialization, with the goal of eventually supplying two to three reactor vessels annually.

The U.S. is the world's largest nuclear power market, with approximately 95 gigawatts (GW) of installed capacity, accounting for about 25% of the global total. As a significant portion of the country's nuclear power facilities began operations in the 1970s and are aging, demand to replace aging reactors is expected to increase substantially in the years ahead.

In addition, rapidly growing electricity demand driven by the recent expansion of data centers in the U.S. is further increasing demand for nuclear power.

The three companies previously signed an MOU in May to establish a collaboration framework for the commercialization of Natrium, a next-generation SMR based on sodium-cooled fast reactor (SFR) technology. Under the agreement, TerraPower will provide Natrium technology, HD Hyundai will manufacture major equipment, and Hyundai E&C will provide engineering, procurement and construction (EPC) support for selected projects.

HD Hyundai joined TerraPower's visionary investor base in 2022, followed by an order from TerraPower in December 2024 to manufacture cylindrical reactor vessels for the Natrium reactor.

In March 2025, HD Hyundai signed a strategic agreement with TerraPower to expand the manufacturing supply chain for the commercialization of Natrium reactors and conducted a yearlong study on manufacturing feasibility, price competitiveness and delivery schedules.

Building on these achievements, HD Hyundai was named the preferred bidder in May to manufacture and supply key equipment for TerraPower's Natrium reactors.

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HD Hyundai, TerraPower and Hyundai E&C Set Out to Transform the Next-Generation Nuclear Market

SEOUL, South Korea, Aug. 14, 2026 /PRNewswire/ -- RIMAN, a direct selling company specializing in K-beauty skincare and wellness, successfully concluded its North America Convention 2026 in Las Vegas, Nevada, from August 7–9, 2026. The three-day event brought together thousands of distributors and sales leaders from across North America to celebrate business achievements, discover product innovations, and strengthen leadership capabilities.

A key highlight of the convention was the introduction of new products across RIMAN's flagship brands—ICD Skincare, ICD Makeup, and botalab. Attendees received exclusive access to limited edition packages featuring newly launched Lip Liners, the new Radiansome™ 100 Microfluidizer Concentrate, and the enhanced Radiansome™ 100 Experience Kit. These products will be available beginning September 1, 2026.

The convention also marked the introduction of Araliadiol, a proprietary cosmetic ingredient derived from Giant BYoungPool™, RIMAN's proprietary Centella asiatica cultivar protected under a 20-year Plant Variety Protection certificate. Officially recognized by the Personal Care Products Council (PCPC), Araliadiol reflects RIMAN's continued investment in ingredient innovation and scientific research.

The introduction of new products and Araliadiol generated strong interest throughout the convention. Attendees actively participated in product demonstrations, educational sessions, and networking opportunities, highlighting enthusiasm for RIMAN's latest innovations and future growth.

The convention also featured General Sessions, Master Classes, and leadership programs that provided business insights, recognized outstanding achievements, and strengthened collaboration across the North American market.

"The strong engagement we saw throughout the convention reflects our distributors' confidence in RIMAN's innovation," said Youngsu Hwang, Global Chief Sales Officer of RIMAN. "By sharing not only today's innovations but also our long-term product vision, we aim to inspire confidence in the future of the business and create sustainable growth opportunities for our distributors."

The North America Convention reinforced RIMAN's commitment to advancing product and ingredient innovation while empowering its distributor community and supporting sustainable global growth.

About RIMAN

Founded in 2018 in South Korea, RIMAN is a global beauty and wellness direct-selling company redefining K-Beauty through heritage ingredients from Jeju Island and cutting-edge innovation. At its Jeju Smart Farm, RIMAN manages every step, from raw material cultivation to product development, including its signature ingredient, Giant BYoungPool™—an advanced Centella Asiatica cultivar granted 20-year Plant Variety Protection by the Korea Forest Service in July 2022 and the U.S. Department of Agriculture (USDA) in September 2025.

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RIMAN Highlights Product and Ingredient Innovation at RIMAN North America Convention 2026