The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Mon, August 15, 2022 | 19:05
Companies
Korea gearing up to export nuclear plants to Czech Republic
Posted : 2022-06-29 15:41
Updated : 2022-06-30 14:03
Print Preview
Font Size Up
Font Size Down

Minister of Trade, Industry and Energy Lee Chang-yang, third from left, listens to Czech Senate Leader Milos Vystrcil, second from right, speak in a meeting, June 28 (local time). Yonhap
Minister of Trade, Industry and Energy Lee Chang-yang, third from left, listens to Czech Senate Leader Milos Vystrcil, second from right, speak in a meeting, June 28 (local time). Yonhap

Energy minister signs MOUs with Czech officials

By Lee Kyung-min

Korea is gearing up to strengthen a partnership with the Czech Republic in the nuclear and hydrogen energy businesses, as illustrated by the first official overseas trip of the energy minister accompanied by a dozen state-run and leading private energy firms, according to officials, Wednesday.

Anchoring the high-level administrative and private sector cooperation is President Yoon Suk-yeol, whose broad, new energy policy prioritizes the efficient local use and export of methods for much-criticized nuclear power generation.

Yoon will meet with his Czech counterpart for a summit, June 30 (local time), to stress the technological and cost advantages of Korea's nuclear energy businesses, aided by the signing of memoranda of understanding (MOUs) between nine Korean firms and 21 of their Czech counterparts led by Minister of Trade, Industry and Energy Lee Chang-yang days earlier.

According to the energy ministry, Lee met with Jozef Sikela, Minister of Industry and Trade of the Czech Republic, and Czech Senate Leader Milos Vystrcil, June 28 (local time), for about an hour to discuss ways to advance bilateral cooperation in the nuclear and hydrogen energy sectors.

Lee reiterated that the Yoon administration is committed to increasing the efficient utilization of nuclear power generation to fortify energy security and carbon neutrality capabilities.

"Nuclear energy projects require more than a decade of construction for power plants and six decades of operation and maintenance after that," Lee said. "It is a long-term project Korea is confident to undertake with experience and a proven track-record in safety, budget planning and compliance, as embraced and promoted by our ongoing cooperation with the United Arab Emirates (UAE) to build nuclear power plants in Barakah."

The Czech officials said they are well aware of Korea's advanced nuclear technologies and share a similar understanding of the importance of nuclear power as a stable energy source amidst the drawn-out geopolitical uncertainties.

Further cooperation will be in store, both countries agreed, in the areas of developing and commercializing small modular reactors (SMRs), next-generation nuclear energy generation methods, as well as hydrogen-oriented power generation.

The scope of the joint exchanges will be expanded to include defense, electric vehicles (EVs), batteries, semiconductors and the bio sector.

The local state-run firms that accompanied the minister at the meeting included: the Defense Acquisition Program Administration (DAPA), Korea Electric Power Corp. (KEPCO) and KEPCO's subsidiaries, including Korea Hydro & Nuclear Power (KHNP). Private sector participants included Doosan Enerbility, Daewoo Engineering & Construction, Hyundai Motor and Hyundai Glovis.



Emaillkm@koreatimes.co.kr Article ListMore articles by this reporter
 
LG
  • More tourists opt to visit Jeju Island by ferry
  • City goes into festival mode during Seoul Festa
  • Korean blockchain operators urged to enhance vigilance against accidents
  • Yoon set to unveil 'audacious plan' for North Korea's denuclearization
  • Fears of lengthy COVID-19 resurgence loom large
  • Will Samsung heir be promoted to chairman?
  • Seoul E-Prix thrills racing fans in Korea
  • [INTERVIEW] Korean is one of the 'most popular foreign languages in Kazakhstan': professor
  • Traveling on the Han River in the 19th Century: Part 2
  • Ex-USFK commander rejects China's claims over THAAD
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • Reality shows go abroad again amid eased COVID-19 travel restrictions Reality shows go abroad again amid eased COVID-19 travel restrictions
    • Late Samsung chairman's collection highlights painter Lee Jung-seop as family man Late Samsung chairman's collection highlights painter Lee Jung-seop as family man
    • [INTERVIEW] Actor Ko Kyoung-pyo explains why he doesn't obsess over lead roles [INTERVIEW] Actor Ko Kyoung-pyo explains why he doesn't obsess over lead roles
    • Girls' Generation music video director apologizes for copying design Girls' Generation music video director apologizes for copying design
    • Star directors' new series to A-listers' small screen comeback expected in coming weeks Star directors' new series to A-listers' small screen comeback expected in coming weeks
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group