{"id":2206661,"date":"2024-10-02T08:00:25","date_gmt":"2024-10-01T23:00:25","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206661"},"modified":"2024-10-01T15:46:32","modified_gmt":"2024-10-01T06:46:32","slug":"south-korea-and-slovakia-sign-strategic-partnership-with-nuclear-energy-in-sight","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/10\/south-korea-and-slovakia-sign-strategic-partnership-with-nuclear-energy-in-sight\/","title":{"rendered":"South Korea and Slovakia sign strategic partnership with nuclear energy in sight"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and Slovakia upgraded their bilateral relationship into a \u201c<\/span><a href=\"https:\/\/www.president.go.kr\/newsroom\/press\/urC3DXWa\"><span style=\"font-weight: 400;\">strategic partnership<\/span><\/a><span style=\"font-weight: 400;\">,\u201d covering key sectors like trade, defense and energy. Both countries signed a <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169585\/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;\">Trade and Investment Promotion Framework<\/span><\/a><span style=\"font-weight: 400;\"> (TIPF) to boost cooperation, particularly in clean energy and supply chains. South Korean Prime Minister Han Duck-soo also met with Slovak Prime Minister Robert Fico to <\/span><a href=\"https:\/\/www.opm.go.kr\/opm\/news\/press-release.do?mode=view&amp;articleNo=157789\"><span style=\"font-weight: 400;\">discuss<\/span><\/a><span style=\"font-weight: 400;\"> joint security concerns, especially regarding North Korea\u2019s growing ties with Russia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s trade ministry signed the TIPF with Slovakia, a <\/span><a href=\"https:\/\/www.visegradgroup.eu\/\"><span style=\"font-weight: 400;\">Visegrad Group<\/span><\/a><span style=\"font-weight: 400;\"> member state. The group also includes the Czech Republic, Hungary and Poland. Slovakia is a major player in the European manufacturing sector, with over 140 South Korean companies operating there. The TIPF is expected to enhance cooperation in electric vehicles, nuclear energy and defense industries, expanding South Korea\u2019s presence in Central Europe.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s strategic partnership with Slovakia may lead to further opportunities, particularly in nuclear energy and defense. Slovakia\u2019s plan to build a <\/span><a href=\"https:\/\/apnews.com\/article\/slovakia-new-nuclear-reactor-jaslovske-bohunice-48b8cc3bd20bbf851133325357071524\"><span style=\"font-weight: 400;\">1,200-megawatt nuclear reactor<\/span><\/a><span style=\"font-weight: 400;\"> aligns with South Korea\u2019s ambitions to expand its nuclear energy exports, following a similar project in the <\/span><a href=\"https:\/\/koreapro.org\/2024\/09\/south-koreas-push-for-czech-nuclear-deal-highlights-aggressive-foreign-policy\/\"><span style=\"font-weight: 400;\">Czech Republic<\/span><\/a><span style=\"font-weight: 400;\">. A successful bid would strengthen South Korea\u2019s position in Central Europe\u2019s energy market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, South Korea\u2019s nuclear export ambitions will likely continue to face challenges from the ongoing <\/span><a href=\"https:\/\/koreapro.org\/2024\/07\/south-korea-secures-czech-nuclear-deal-boosting-yoons-energy-export-pledge\/\"><span style=\"font-weight: 400;\">Westinghouse legal dispute<\/span><\/a><span style=\"font-weight: 400;\"> over Korea Hydro &amp; Nuclear Power\u2019s reactor technology. The Yoon administration will likely come under greater pressure to reach a diplomatic agreement with the U.S. to resolve this dispute.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In defense, Slovakia\u2019s interest in <\/span><a href=\"https:\/\/cepa.org\/article\/adapt-to-survive-slovakias-arms-industry-faces-new-reality\/\"><span style=\"font-weight: 400;\">modernizing its military<\/span><\/a><span style=\"font-weight: 400;\"> presents South Korea with a potential market for defense exports. South Korea\u2019s success in exporting billions of dollars worth of military equipment to Poland, including K2 tanks, FA-50 fighter jets and K9 howitzers, demonstrates its growing presence in European defense markets. Poland is set to localize production and serve as a maintenance hub for South Korean weapons, further enhancing South Korea\u2019s reputation and capabilities in the region.<\/span><\/p>\n<div class=\"content-tags\"><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 Slovakia upgraded their bilateral relationship into a \u201cstrategic partnership,\u201d covering key sectors like trade, defense and energy. Both countries signed a Trade and Investment Promotion Framework (TIPF) to boost cooperation, particularly in clean energy and supply chains. South Korean Prime Minister Han Duck-soo also met with Slovak Prime Minister Robert Fico to [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2206662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[28],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea and Slovakia sign strategic partnership with nuclear energy in sight - 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\/10\/south-korea-and-slovakia-sign-strategic-partnership-with-nuclear-energy-in-sight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea and Slovakia sign strategic partnership with nuclear energy in sight - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea and Slovakia upgraded their bilateral relationship into a \u201cstrategic partnership,\u201d covering key sectors like trade, defense and energy. 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