South Korea secures Czech nuclear deal, boosting Yoon’s energy export pledge



Briefings South Korea secures Czech nuclear deal, boosting Yoon’s energy export pledge Ongoing intellectual property dispute and potential Trump return pose challenges to Seoul’s expansion plans in Europe KOREA PROJuly 19, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON South Korean industry minister Ahn Duk-geun briefs reporters about the Czech selection of KHNP as the preferred negotiating parter for its nuclear power plant project, July 18, 2024 \| Image: ROK Ministry of Trade, Industry and Energy The Czech Republic selected on Wednesday Korea Hydro and Nuclear Power (KHNP) as the preferred negotiation partner for the construction of two new nuclear power plants in the European country, with the option for two additional units. The project, estimated at $17.4 billion (24 trillion won) for the initial two units, marks the largest investment in Czech history and KHNP’s first nuclear export to Europe. KHNP will form a consortium with other South Korean firms to supply the APR1000 reactor design and all related construction services. The company aims to conclude a final contract by March 2025 following detailed negotiations. © 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 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korea secures Czech nuclear deal, boosting Yoon’s energy export pledge

Ongoing intellectual property dispute and potential Trump return pose challenges to Seoul’s expansion plans in Europe

KOREA PROJuly 19, 2024

South Korea secures Czech nuclear deal, boosting Yoon’s energy export pledge

South Korean industry minister Ahn Duk-geun briefs reporters about the Czech selection of KHNP as the preferred negotiating parter for its nuclear power plant project, July 18, 2024 | Image: ROK Ministry of Trade, Industry and Energy

The Czech Republic selected on Wednesday Korea Hydro and Nuclear Power (KHNP) as the preferred negotiation partner for the construction of two new nuclear power plants in the European country, with the option for two additional units. The project, estimated at $17.4 billion (24 trillion won) for the initial two units, marks the largest investment in Czech history and KHNP’s first nuclear export to Europe.

KHNP will form a consortium with other South Korean firms to supply the APR1000 reactor design and all related construction services. The company aims to conclude a final contract by March 2025 following detailed negotiations.

South Korea secures Czech nuclear deal, boosting Yoon’s energy export pledge

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