{"id":2204406,"date":"2024-03-26T08:00:33","date_gmt":"2024-03-25T23:00:33","guid":{"rendered":"https:\/\/koreapro.org\/?p=2204406"},"modified":"2024-03-25T15:51:08","modified_gmt":"2024-03-25T06:51:08","slug":"south-korea-romania-emphasize-deepening-ties-amid-global-uncertainties","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/03\/south-korea-romania-emphasize-deepening-ties-amid-global-uncertainties\/","title":{"rendered":"South Korea, Romania emphasize deepening ties amid global uncertainties"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and Romania held the <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/168804\/view#\"><span style=\"font-weight: 400;\">10th ROK-Romania Industrial Cooperation Committee meeting<\/span><\/a><span style=\"font-weight: 400;\"> in Seoul on Monday to discuss expanding cooperation in trade, investment, industry and energy. The two countries aim to deepen their strategic partnership, established in 2008, by building on existing collaboration in the automotive parts and steel sectors and exploring new areas such as industrial technology, nuclear power, defense and infrastructure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meeting addressed bilateral trade growth, the impact of EU regulations on free trade and potential research and development cooperation in various fields. Romania introduced its energy mix policy, while South Korea emphasized its competitiveness in the nuclear power sector and expressed interest in contributing to Romania\u2019s military modernization through weapons systems, local investment, technology transfer and joint exports to third countries.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s expanding cooperation with Romania in the defense and energy sectors highlights Seoul\u2019s efforts to diversify its strategic partnerships. President Yoon Suk-yeol previously <\/span><a href=\"https:\/\/koreapro.org\/2023\/07\/why-south-koreas-outreach-to-nato-could-pose-problems-at-home\/\"><span style=\"font-weight: 400;\">met<\/span><\/a><span style=\"font-weight: 400;\"> with Romanian President Klaus Werner Iohannis in July 2023 during the sidelines of the NATO summit in Lithuania, following Bucharest\u2019s <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230627002900320\"><span style=\"font-weight: 400;\">selection<\/span><\/a><span style=\"font-weight: 400;\"> of Korea Hydro &amp; Nuclear Power Company (KHNP) for a tritium removal facility at the Cernavoda nuclear power plant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea will likely continue to expand its defense exports to Eastern European nations as they grapple with security challenges posed by Russia\u2019s ongoing invasion of Ukraine. Romania signed memorandums of understanding with <\/span><a href=\"https:\/\/koreajoongangdaily.joins.com\/2023\/02\/07\/national\/defense\/Korea-Hanwha-Aerospace-K9\/20230207184350465.html\"><span style=\"font-weight: 400;\">Hanwha Aerospace<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230209003400325\"><span style=\"font-weight: 400;\">LIG Nex1<\/span><\/a><span style=\"font-weight: 400;\"> in Feb. 2023 to import K9 self-propelled howitzers, Redback infantry fighting vehicles and portable short-range anti-aircraft missiles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, South Korea\u2019s nuclear energy cooperation with Romania faces uncertainty due to an <\/span><a href=\"https:\/\/koreapro.org\/2023\/09\/u-s-court-denies-westinghouse-lawsuit-korean-nuclear-exports-remain-challenged\/\"><span style=\"font-weight: 400;\">ongoing legal case<\/span><\/a><span style=\"font-weight: 400;\"> involving Westinghouse Electric Corporation and KHNP. The U.S. company filed a lawsuit against KHNP in Oct. 2022, asserting that the <\/span><a href=\"https:\/\/www.kepco-enc.com\/eng\/contents.do?key=1533\"><span style=\"font-weight: 400;\">APR1400<\/span><\/a><span style=\"font-weight: 400;\"> Korean nuclear reactor, which KHNP intended to export to Poland and the Czech Republic, incorporated its proprietary technology. Despite the dismissal of Westinghouse\u2019s lawsuit against KHNP and its parent company, Korea Electric Power Corporation, in Sept. 2023, the U.S. company stated that it intends to appeal the decision.<\/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\/defense-security\/\"><span class=\"tag\">Defense &amp; Security<\/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 Romania held the 10th ROK-Romania Industrial Cooperation Committee meeting in Seoul on Monday to discuss expanding cooperation in trade, investment, industry and energy. The two countries aim to deepen their strategic partnership, established in 2008, by building on existing collaboration in the automotive parts and steel sectors and exploring new areas such [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2204407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[24,26,28],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea, Romania emphasize deepening ties amid global uncertainties - 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\/2024\/03\/south-korea-romania-emphasize-deepening-ties-amid-global-uncertainties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea, Romania emphasize deepening ties amid global uncertainties - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and Romania held the 10th ROK-Romania Industrial Cooperation Committee meeting in Seoul on Monday to discuss expanding cooperation in trade, investment, industry and energy. 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