How the war in Ukraine complicates South Korea’s nuclear export plans



Analysis How the war in Ukraine complicates South Korea’s nuclear export plans Seoul scored major victory with successful bid to build Egyptian nuclear plant but now must work with Russian firm John LeeSeptember 6, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON The South Korea-built Barakah nuclear power plant under construction in the UAE in May 2017 \| Image: Wikimedia Commons The South Korean government announced in late August that Korea Hydro & Nuclear Power Co. (KHNP) has won a $2.5 billion bid to construct Egypt’s first nuclear power plant, a major boon for President Yoon Suk-yeol’s efforts to reinvigorate Seoul’s nuclear exports. The successful Egypt bid marks the first time South Korea has been tapped to build an overseas nuclear plant in 13 years. Seoul’s last such international project was the Barakah nuclear power facility in the United Arab Emirates, which began operations last year. Amid much troubling economic newsfor South Korea, the Egypt bid is one of © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01South Korea’s won faces a new test as foreign bond buying loses momentum 02Trump’s Russian diesel deal may leave South Korea’s refining boom intact 03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 04South Korea’s missile defense push raises new questions over wartime stocks 05South Korea bank hacks expose weak links beyond core financial systems 06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 08Trump’s Korea investment victory lap masks safeguards Seoul still controls

Analysis

How the war in Ukraine complicates South Korea’s nuclear export plans

Seoul scored major victory with successful bid to build Egyptian nuclear plant but now must work with Russian firm

John LeeSeptember 6, 2022

How the war in Ukraine complicates South Korea’s nuclear export plans

The South Korea-built Barakah nuclear power plant under construction in the UAE in May 2017 | Image: Wikimedia Commons

The South Korean government announced in late August that Korea Hydro & Nuclear Power Co. (KHNP) has won a $2.5 billion bid to construct Egypt’s first nuclear power plant, a major boon for President Yoon Suk-yeol’s efforts to reinvigorate Seoul’s nuclear exports.

The successful Egypt bid marks the first time South Korea has been tapped to build an overseas nuclear plant in 13 years. Seoul’s last such international project was the Barakah nuclear power facility in the United Arab Emirates, which began operations last year.

Amid much troubling economic newsfor South Korea, the Egypt bid is one of

LATEST ANALYSIS

01South Korea’s won faces a new test as foreign bond buying loses momentum
02Trump’s Russian diesel deal may leave South Korea’s refining boom intact
03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance
04South Korea’s missile defense push raises new questions over wartime stocks
05South Korea bank hacks expose weak links beyond core financial systems
06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma
07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump
08Trump’s Korea investment victory lap masks safeguards Seoul still controls

How the war in Ukraine complicates South Korea’s nuclear export plans

LATEST ANALYSIS

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John Lee