What Are South Korea's Energy Security Concerns Shared with the US?

Synopsis
Key Takeaways
- South Korea seeks nuclear fuel reprocessing and enrichment for energy security.
- Discussions indicate a shift in diplomatic relations with the US regarding nuclear energy.
- Strengthening ties with Iran is also a key focus for South Korea.
- There is a growing international demand for nuclear power plant collaborations.
- Future cooperation will hinge on academic and cultural exchanges.
Seoul, Sep 26 (NationPress) South Korea's Foreign Minister Cho Hyun has communicated to the US Energy Secretary that the nation requires nuclear fuel reprocessing and enrichment for commercial objectives, as stated by the Foreign Ministry on Friday.
During their meeting on the previous day at the UN General Assembly in New York, Cho conveyed this message to US Energy Secretary Chris Wright, according to a ministry statement.
Cho emphasized that, as the operator of 26 nuclear reactors, South Korea must secure a comprehensive cycle of nuclear fuel, which includes enrichment and reprocessing, to ensure energy security, as reported by the Yonhap News Agency.
He asserted that these activities would be conducted solely for the commercial aim of guaranteeing the steady operation of the country's nuclear power reactors.
In response, Wright indicated that he would engage with other governmental entities while considering Cho's request, the ministry reported.
Seoul has been advocating for a relaxation of the “123 Agreement,” a nuclear energy pact with Washington that presently prohibits it from spent fuel reprocessing and uranium enrichment.
During their discussions, Cho and Wright reflected on the “meaningful” dialogues regarding nuclear energy cooperation between President Lee Jae Myung and US President Donald Trump during their recent summit, agreeing to maintain consultations to detail the specifics.
They also concurred on the necessity for close partnerships between companies from both nations to leverage the increasing international demand for nuclear power plants, inclusive of those in the United States, and agreed to enhance communication and collaboration to bolster private-level partnerships.
Furthermore, South Korea's Foreign Minister Cho Hyun also met with his Iranian counterpart in New York, where they discussed strengthening cooperation across various domains, including culture and people-to-people exchanges, according to the foreign ministry.
Cho's meeting with Iranian Foreign Minister Seyed Abbas Araghchi occurred the previous day on the sidelines of the U.N. General Assembly.
The two ministers agreed to collaborate in fortifying bilateral relations, building on over 60 years of partnership between their nations, the ministry stated.
Cho specifically called for expanding the groundwork for future bilateral cooperation by advancing initiatives in sectors such as academia, culture, and people-to-people exchanges. He highlighted the growing popularity of Korean culture and cuisine in Iran as potential areas for collaboration.
Additionally, discussions included matters related to the reimposition of UN sanctions on Iran.