Have South Korea and the US Agreed on Nuclear-Powered Submarine Cooperation?
Synopsis
Key Takeaways
Seoul, Dec 24 (NationPress) South Korea and the United States have reached an agreement to pursue a stand-alone accord focusing on cooperation regarding nuclear-powered submarines. National Security Adviser Wi Sung-lac announced that discussions at the working level are anticipated to commence early next year.
Wi made these statements following his weeklong visit to the U.S., Canada, and Japan, where he engaged in talks with U.S. Secretary of State Marco Rubio, who also holds the position of national security adviser, as well as U.S. Energy Secretary Chris Wright during his time in Washington, as reported by Yonhap news agency.
He indicated that both nations engaged in comprehensive and practical discussions concerning security agreements outlined in a joint fact sheet published last month. This occurred after President Lee Jae Myung's meeting with U.S. President Donald Trump during the Asia-Pacific Economic Cooperation summit held in Gyeongju in late October.
“We mutually acknowledge the necessity of a stand-alone agreement for collaboration on nuclear-powered submarines and agreed to advance our discussions,” Wi stated while addressing reporters.
During deliberations on uranium enrichment and the reprocessing of spent nuclear fuel, Wi reiterated Seoul's commitment to nuclear non-proliferation.
South Korea intends to procure low-enriched uranium at levels below 20 percent to power its nuclear submarines, with Wi emphasizing that the use of highly enriched uranium is not being considered.
A U.S. working-level delegation is expected to visit South Korea in early 2024 to engage in consultations regarding the implementation of the agreements delineated in the joint fact sheet, he added.
According to a bilateral nuclear agreement with the U.S., South Korea is largely restricted from enriching its own uranium and must import all low-enriched uranium, the report stated.
In related news, HD Hyundai Heavy Industries Co., South Korea's premier shipbuilder, announced on Wednesday that it has secured a 375 billion-won ($256 million) contract to construct two petrochemical product carriers for a shipping company in Africa.
The vessels are scheduled for delivery to the unnamed African customer by July 2028, as stated in a regulatory filing.