{"id":2202842,"date":"2023-11-23T08:00:11","date_gmt":"2023-11-22T23:00:11","guid":{"rendered":"https:\/\/koreapro.org\/?p=2202842"},"modified":"2023-11-22T16:17:35","modified_gmt":"2023-11-22T07:17:35","slug":"south-korea-uk-energy-agreement-marks-new-nuclear-power-era","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/","title":{"rendered":"South Korea-UK energy agreement marks new nuclear power era"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and the UK have agreed to <\/span><a href=\"https:\/\/www.motie.go.kr\/motie\/ne\/motienewse\/Motienews\/bbs\/bbsView.do?bbs_seq_n=155118519&amp;bbs_cd_n=2&amp;currentPage=1&amp;search_key_n=&amp;cate_n=&amp;dept_v=&amp;search_val_v=\"><span style=\"font-weight: 400;\">strengthen their cooperation<\/span><\/a><span style=\"font-weight: 400;\"> in the nuclear energy sector by signing nine Memoranda of Understanding (MOUs) on Nov. 22nd, according to South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE). The agreement, <\/span><a href=\"https:\/\/www.gov.uk\/government\/news\/new-uk-and-republic-of-korea-clean-energy-partnership-to-accelerate-net-zero-transition\"><span style=\"font-weight: 400;\">signed<\/span><\/a><span style=\"font-weight: 400;\"> by ROK industry minister Bang Moon-kyu and UK energy security secretary Claire Coutinho, encompasses collaboration in the entire lifecycle of nuclear power plants. They focus on new nuclear power plant construction, marking a critical area of cooperation between the Korea Electric Power Corporation and the UK Nuclear Authority.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the nuclear sector, the two nations have established a Clean Energy Partnership to expand carbon-neutral energy collaboration. The partnership is a commitment to developing clean energy resources and includes an annual high-level dialogue to enhance cooperation. This initiative aligns with the UK\u2019s goal to increase its nuclear energy contribution to 25% by 2050, up from 15% in 2020, and to expand its offshore wind power capacity, where the UK currently holds the world\u2019s second-largest installed capacity.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The agreement between South Korea and the UK to strengthen nuclear energy cooperation signals South Korea\u2019s growing influence in nuclear technology and its commitment to expanding its nuclear footprint globally. This agreement comes in the wake of the District Court of Columbia\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2023\/09\/u-s-court-denies-westinghouse-lawsuit-korean-nuclear-exports-remain-challenged\/\"><span style=\"font-weight: 400;\">rejection<\/span><\/a><span style=\"font-weight: 400;\"> in September of Westinghouse Electric\u2019s complaint against Korea Hydro Nuclear Power (KHNP) and Korea Electric Power Corporation (KEPCO). Westinghouse had sought to halt the export of nuclear plants by these two Korean state-run companies, alleging <\/span><a href=\"https:\/\/koreapro.org\/2023\/08\/south-korea-poland-nuclear-deal-progresses-but-us-lawsuit-stands-in-the-way\/\"><span style=\"font-weight: 400;\">licensing infringements<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Westinghouse <\/span><a href=\"https:\/\/koreajoongangdaily.joins.com\/news\/2023-09-20\/business\/industry\/Westinghouse-to-appeal-in-battle-against-KHNP-Kepco\/1874077\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> it would appeal the U.S. court\u2019s dismissal of its lawsuit against KHNP and KEPCO, highlighting tensions in the nuclear energy market. Although the court\u2019s ruling in favor of the South Korean firms reinforces their standing in the international nuclear sector, the partnership between the ROK and the UK could face headwinds depending on Westinghouse\u2019s appeal.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea and the UK have agreed to strengthen their cooperation in the nuclear energy sector by signing nine Memoranda of Understanding (MOUs) on Nov. 22nd, according to South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE). The agreement, signed by ROK industry minister Bang Moon-kyu and UK energy security secretary Claire Coutinho, encompasses collaboration [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2202843,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2202842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea-UK energy agreement marks new nuclear power era - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea-UK energy agreement marks new nuclear power era - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and the UK have agreed to strengthen their cooperation in the nuclear energy sector by signing nine Memoranda of Understanding (MOUs) on Nov. 22nd, according to South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE). The agreement, signed by ROK industry minister Bang Moon-kyu and UK energy security secretary Claire Coutinho, encompasses collaboration [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T23:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-22T07:17:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2023\/11\/eb-10.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea-UK energy agreement marks new nuclear power era\",\"datePublished\":\"2023-11-22T23:00:11+00:00\",\"dateModified\":\"2023-11-22T07:17:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\"},\"wordCount\":322,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/11\/eb-10.png\",\"keywords\":[\"Business &amp; Economy\",\"Inter-Korean &amp; Foreign Relations\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\",\"url\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\",\"name\":\"South Korea-UK energy agreement marks new nuclear power era - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/11\/eb-10.png\",\"datePublished\":\"2023-11-22T23:00:11+00:00\",\"dateModified\":\"2023-11-22T07:17:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/11\/eb-10.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/11\/eb-10.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2023\/11\/south-korea-uk-energy-agreement-marks-new-nuclear-power-era\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea-UK energy agreement marks new nuclear power era\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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