{"id":2198884,"date":"2022-09-06T10:32:00","date_gmt":"2022-09-06T10:32:00","guid":{"rendered":"https:\/\/www.nknews.org\/koreapro\/?p=2198884"},"modified":"2023-04-05T16:11:39","modified_gmt":"2023-04-05T07:11:39","slug":"how-the-war-in-ukraine-complicates-south-koreas-nuclear-export-plans","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2022\/09\/how-the-war-in-ukraine-complicates-south-koreas-nuclear-export-plans\/","title":{"rendered":"How the war in Ukraine complicates South Korea\u2019s nuclear export plans"},"content":{"rendered":"
The South Korean government announced<\/a> in late August that Korea Hydro & Nuclear Power Co. (KHNP) has won a $2.5 billion bid to construct Egypt\u2019s first nuclear power plant, a major boon for President Yoon Suk-yeol\u2019s efforts to reinvigorate Seoul\u2019s nuclear exports<\/a>.<\/p>\n The successful Egypt bid marks the first time South Korea has been tapped to build an overseas nuclear plant in 13 years. Seoul\u2019s last such international project was the <\/span>Barakah nuclear power facility<\/span><\/a> in the United Arab Emirates, which began operations last year.<\/span><\/p>\n Amid <\/span>much<\/span><\/a> troubling<\/span><\/a> economic<\/span><\/a> news<\/span><\/a> for South Korea, the Egypt bid is one of the few bright spots in Yoon\u2019s economic policy. His administration has made nuclear power a key policy priority, abandoning his predecessor\u2019s <\/span>nuclear phaseout<\/span><\/a> and setting the ambitious goal \u2014 perhaps overly ambitious \u2014 of exporting <\/span>ten nuclear power plants<\/span><\/a> by 2030.<\/span><\/p>\n Seoul is now attempting to convince countries including the <\/span>Czech Republic<\/span><\/a>, <\/span>Poland<\/span><\/a> and <\/span>Saudi Arabia<\/span><\/a> to import South Korean nuclear power plants.<\/span><\/p>\n However, the Yoon administration still remains a long way from achieving its nuclear export goals and will need to see the Egypt plant through as it tries to market itself to other countries, a task that could be more challenging in the aftermath of Russia\u2019s invasion of Ukraine.<\/span><\/p>\n