{"id":2205915,"date":"2024-07-26T08:00:31","date_gmt":"2024-07-25T23:00:31","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205915"},"modified":"2024-07-25T13:31:43","modified_gmt":"2024-07-25T04:31:43","slug":"south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/","title":{"rendered":"South Korea to focus on follow-up measures for Czech nuclear project"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169355\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">plans to bolster<\/span><\/a><span style=\"font-weight: 400;\"> nuclear power exports following Korea Hydro and Nuclear Power\u2019s (KHNP) selection as the <\/span><a href=\"https:\/\/koreapro.org\/2024\/07\/south-korea-secures-czech-nuclear-deal-boosting-yoons-energy-export-pledge\/\"><span style=\"font-weight: 400;\">preferred bidder<\/span><\/a><span style=\"font-weight: 400;\"> for a Czech nuclear project. The trade ministry aims to finalize the Czech contract by March 2025 and expand nuclear equipment exports to $3.6 billion (5 trillion won) within the year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ministry stated it will intensify efforts to secure additional nuclear contracts globally, leveraging upcoming international events to showcase South Korean nuclear technology. Officials plan to strengthen support systems, including expanding diplomatic missions focused on nuclear exports and enhancing trade office functions. The ministry also intends to develop a \u201c2050 Mid to Long-term Nuclear Industry Roadmap\u201d and pursue legislation to support the nuclear industry.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s plans to bolster nuclear power exports face significant challenges. Despite the government\u2019s optimism, KHNP risks financial strain due to potentially underestimated costs, particularly given the Czech Republic\u2019s <\/span><a href=\"https:\/\/www.ela.europa.eu\/sites\/default\/files\/2024-02\/CZ_UDW_Factsheet_2017-Czech_Republic.pdf\"><span style=\"font-weight: 400;\">strict labor standards<\/span><\/a><span style=\"font-weight: 400;\">. These factors could erode profitability and delay completion, jeopardizing KHNP\u2019s reputation. The company <\/span><a href=\"https:\/\/www.khnp.co.kr\/eng\/selectBbsNttView.do?key=565&amp;bbsNo=84&amp;nttNo=56342\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> that it will build the Czech Republic\u2019s nuclear power plants \u201con time and on budget.\u201d KHNP stated that it expects the project to cost about $17.4 billion (24 trillion won).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The deal\u2019s success hinges on Prague\u2019s long-term commitment to nuclear energy amid shifting European Union (EU) policies. The EU\u2019s push toward <\/span><a href=\"https:\/\/www.eea.europa.eu\/en\/topics\/in-depth\/renewable-energy\"><span style=\"font-weight: 400;\">renewable energy sources<\/span><\/a><span style=\"font-weight: 400;\"> may undermine the Czech Republic\u2019s nuclear expansion plans, and fluctuations in electricity demand in the Czech market may further undermine the project\u2019s viability.<\/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 plans to bolster nuclear power exports following Korea Hydro and Nuclear Power\u2019s (KHNP) selection as the preferred bidder for a Czech nuclear project. The trade ministry aims to finalize the Czech contract by March 2025 and expand nuclear equipment exports to $3.6 billion (5 trillion won) within the year. The ministry stated it [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2205916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2205915","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 to focus on follow-up measures for Czech nuclear project - 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\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea to focus on follow-up measures for Czech nuclear project - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea plans to bolster nuclear power exports following Korea Hydro and Nuclear Power\u2019s (KHNP) selection as the preferred bidder for a Czech nuclear project. The trade ministry aims to finalize the Czech contract by March 2025 and expand nuclear equipment exports to $3.6 billion (5 trillion won) within the year. The ministry stated it [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\" \/>\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=\"2024-07-25T23:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-25T04:31:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/07\/eb-18.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea to focus on follow-up measures for Czech nuclear project\",\"datePublished\":\"2024-07-25T23:00:31+00:00\",\"dateModified\":\"2024-07-25T04:31:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-18.png\",\"keywords\":[\"Business &amp; Economy\",\"Inter-Korean &amp; Foreign Relations\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\",\"url\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\",\"name\":\"South Korea to focus on follow-up measures for Czech nuclear project - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-18.png\",\"datePublished\":\"2024-07-25T23:00:31+00:00\",\"dateModified\":\"2024-07-25T04:31:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-18.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-18.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-to-focus-on-follow-up-measures-for-czech-nuclear-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea to focus on follow-up measures for Czech nuclear project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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