Will a South Korean Delegation Seal a Nuclear Power Deal in the Czech Republic?
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Synopsis
A South Korean delegation is set to visit the Czech Republic for a significant nuclear power plant deal. This historic agreement, valued at 26 trillion won, marks South Korea's return to international nuclear projects. Key officials will discuss enhancing bilateral economic ties in various sectors, making this visit crucial for both nations.
Key Takeaways
- South Korean delegation visiting the Czech Republic.
- Signing a multibillion-dollar nuclear deal.
- Meeting with Czech leaders to boost economic ties.
- Project valued at 26 trillion won (US$18.8 billion).
- First overseas nuclear project since 2009.
Seoul, May 6 (NationPress) A delegation from South Korea is scheduled to visit the Czech Republic on Tuesday to participate in the signing ceremony for a multibillion-dollar nuclear power plant agreement and to explore avenues for enhanced economic collaboration with the European nation, as reported by Seoul's industry ministry.
The visiting group, consisting of both governmental and parliamentary representatives, will embark on a two-day trip to Prague for the ceremony planned for Wednesday, according to the Ministry of Trade, Industry and Energy.
During their visit, they are expected to engage with the Czech prime minister and the president of the Senate to discuss opportunities for strengthening economic ties in the nuclear power sector and advanced industries, along with infrastructure projects, as stated by Yonhap news agency.
Key members of the South Korean delegation include Industry Minister Ahn Duk-geun, Land Minister Park Sang-woo, and Rep. Lee Chul-gyu, who chairs the parliamentary committee on industry.
A consortium from South Korea, led by Korea Hydro & Nuclear Power Co. (KHNP), is set to finalize an agreement with Elektrarna Dukovany II from the Czech Republic for the construction of two nuclear power units at the Dukovany plant, located approximately 200 kilometers south of Prague.
This deal, valued at around 26 trillion won (equivalent to US$18.8 billion), represents South Korea's first overseas nuclear project since 2009, when KHNP secured the contract for the Barakah Nuclear Power Plant in the United Arab Emirates.
In July 2024, South Korea was designated as the preferred bidder for the Czech initiative.
Point of View
I view this visit as a pivotal move for South Korea, reaffirming its commitment to expanding its influence in the global nuclear energy sector. The collaboration with the Czech Republic signifies a strategic partnership that could lead to further advancements in energy technology and infrastructure development.
NationPress
21/09/2025
Frequently Asked Questions
What is the purpose of the South Korean delegation's visit?
The delegation aims to attend a signing ceremony for a multibillion-dollar nuclear power plant deal and discuss enhancing bilateral economic cooperation with the Czech Republic.
Who are the key members of the South Korean delegation?
The delegation includes Industry Minister Ahn Duk-geun, Land Minister Park Sang-woo, and Rep. Lee Chul-gyu, chair of the parliamentary industry committee.
What is the estimated value of the nuclear power project?
The project is estimated to be worth 26 trillion won, equivalent to approximately US$18.8 billion.
When was South Korea selected as the preferred bidder for the project?
South Korea was selected as the preferred bidder for the Czech project in July 2024.
What is the significance of this nuclear power plant deal?
This deal represents South Korea's first overseas nuclear power project since 2009, highlighting its renewed commitment to international nuclear energy collaboration.
