{"id":2206566,"date":"2024-09-23T08:00:44","date_gmt":"2024-09-22T23:00:44","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206566"},"modified":"2024-09-22T22:10:41","modified_gmt":"2024-09-22T13:10:41","slug":"south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/","title":{"rendered":"South Korea\u2019s push for Czech nuclear deal highlights aggressive foreign policy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and the Czech Republic agreed to <\/span><a href=\"https:\/\/www.moef.go.kr\/nw\/nes\/detailNesDtaView.do?searchBbsId1=MOSFBBS_000000000028&amp;searchNttId1=MOSF_000000000070714&amp;menuNo=4010100\"><span style=\"font-weight: 400;\">deepen economic cooperation<\/span><\/a><span style=\"font-weight: 400;\">, focusing on constructing new nuclear power plants in the Czech Republic. The two countries agreed on Friday to strengthen financial collaboration to ensure the successful completion of the $17.4 billion project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The two countries\u2019 finance ministers also signed a memorandum of understanding (MOU) to expand support for South Korean businesses in the Czech Republic. Additionally, they pledged to reinforce bilateral ties by establishing regular economic discussions to address macroeconomic and financial issues.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The MOU between South Korea and the Czech Republic signals Seoul\u2019s intent to broaden its economic ties with Prague, extending beyond the nuclear plant project to include other sectors like infrastructure and renewable energy. This agreement positions South Korean firms for expanded opportunities in Europe, which continues to seek alternatives to Russian energy sources.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The agreement also reveals that South Korea\u2019s construction sector, <\/span><a href=\"https:\/\/koreapro.org\/2024\/09\/south-koreas-growth-stalls-in-q2-amid-rising-import-costs-and-weak-demand\/\"><span style=\"font-weight: 400;\">under pressure<\/span><\/a><span style=\"font-weight: 400;\"> from high domestic interest rates and rising energy costs, is increasingly looking abroad to maintain growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">President Yoon Suk-yeol\u2019s direct involvement in securing this deal highlights his administration\u2019s aggressive foreign policy strategy, even if it risks straining Seoul\u2019s relations with Washington. U.S. energy company Westinghouse Electric\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2024\/07\/south-korea-secures-czech-nuclear-deal-boosting-yoons-energy-export-pledge\/\"><span style=\"font-weight: 400;\">ongoing legal challenge<\/span><\/a><span style=\"font-weight: 400;\"> over Korea Hydro and Nuclear Power\u2019s reactor technology may require the two allies to engage in diplomatic negotiations and compromise. Prague\u2019s final decision may make or break South Korea\u2019s nuclear power export ambitions.<\/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 Czech Republic agreed to deepen economic cooperation, focusing on constructing new nuclear power plants in the Czech Republic. The two countries agreed on Friday to strengthen financial collaboration to ensure the successful completion of the $17.4 billion project. The two countries\u2019 finance ministers also signed a memorandum of understanding (MOU) to [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2206567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2206566","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\u2019s push for Czech nuclear deal highlights aggressive foreign policy - 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\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea\u2019s push for Czech nuclear deal highlights aggressive foreign policy - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and the Czech Republic agreed to deepen economic cooperation, focusing on constructing new nuclear power plants in the Czech Republic. 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The two countries\u2019 finance ministers also signed a memorandum of understanding (MOU) to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/\" \/>\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=\"2024-09-22T23:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-22T13:10:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-15.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\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea\u2019s push for Czech nuclear deal highlights aggressive foreign policy\",\"datePublished\":\"2024-09-22T23:00:44+00:00\",\"dateModified\":\"2024-09-22T13:10:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-15.png\",\"keywords\":[\"Business &amp; 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