Korea expects “practical progress” as it pitches defense and reactors in Europe

Choi Sang-mok. [Photo by Yonhap]

The South Korean authorities raised hopes for a “sensible progress” from protection and reactor gross sales pitch by South Korean President Yoon Suk-yeol throughout his summits with leaders of Poland and different European nations on the sidelines of the North Atlantic Treaty Group (NATO) convention in Madrid.

On Wednesday, Yoon met with Polish President Andrzej Duda and held talks with give attention to cooperation within the areas of protection and nuclear reactors.

“The 2 leaders had in-depth talks on protection cooperation, and we count on sensible progress in close to future,” in keeping with Choi Sang-mok, senior presidential secretary for financial affairs.

Poland has examined Korea’s protection programs together with the FA-50 fighter, K2 tank, and K9 Thunder.

The Korean summit and authorities crew by way of the NATO convention momentum had put excessive precedence within the sale of Korean reactor expertise in Europe the place demand is brewing for power safety to wean off Russian gas and carbon discount dedication.

Forward of the NATO summit, the Korean authorities fashioned a public-private reactor crew comprised of the business and power ministry, KEPCO E&C, Doosan Enerbility, and Daewoo E&C for full-fledged advertising and marketing exercise.

Commerce and power minister Lee Chang-yang met with Czech senior officers and political figures in Prague on Tuesday. He defined Korean reactor expertise to his counterpart Jozef Sikela.

The Czech Republic spending $7 billion so as to add reactors for power independence launched a young in Could for a brand new nuclear challenge in Dukovany the place U.S. Westinghouse, France’s EDF, and Korea’s state Korea Hydro Nuclear Energy Corp. have handed authorities safety appraisal.

It is going to be receiving bids in November to call a profitable bidder by 2024. Different international locations in central Europe, Slovakia, and Hungry are also working to develop nuclear energy manufacturing.

South Korea has constructed 4 nuclear reactors within the United Arab Emirates by way of indigenous expertise.

By Baek Sang-kyung and Jenny Lee

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