{"id":2208419,"date":"2025-02-19T08:00:32","date_gmt":"2025-02-18T23:00:32","guid":{"rendered":"https:\/\/koreapro.org\/?p=2208419"},"modified":"2025-02-18T15:38:50","modified_gmt":"2025-02-18T06:38:50","slug":"czech-nuclear-deal-puts-south-koreas-energy-ambitions-to-the-ultimate-test","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2025\/02\/czech-nuclear-deal-puts-south-koreas-energy-ambitions-to-the-ultimate-test\/","title":{"rendered":"Czech nuclear deal puts South Korea\u2019s energy ambitions to the ultimate test"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea and the Czech Republic reaffirmed their commitment to <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/170148\/view?mno=&amp;pageIndex=2&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;\">energy<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/170157\/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;\">nuclear cooperation<\/span><\/a><span style=\"font-weight: 400;\"> during ministerial talks in Seoul on Monday and Tuesday. The 2nd South Korea-Czech Supply Chain &amp; Energy Dialogue focused on expanding collaboration in nuclear power, advanced industries and clean energy. The South Korea-Czech Energy Technology Forum brought together over 150 government, industry and research leaders to discuss carbon-free energy technologies, including nuclear power, hydrogen and energy storage systems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meetings come as Korea Hydro and Nuclear Power (KHNP) awaits the <\/span><a href=\"https:\/\/koreapro.org\/2024\/10\/czech-contract-delay-tests-south-koreas-nuclear-export-ambitions-in-europe\/\"><span style=\"font-weight: 400;\">finalization<\/span><\/a><span style=\"font-weight: 400;\"> of its $17.4 billion contract to build the Dukovany Nuclear Power Plant in the Czech Republic. The deal was delayed by a temporary regulatory review after legal challenges from Westinghouse (U.S.) and EDF (France). The <\/span><a href=\"https:\/\/info.westinghousenuclear.com\/news\/westinghouse-announces-global-settlement-agreement-with-kepco-and-khnp\"><span style=\"font-weight: 400;\">settlement<\/span><\/a><span style=\"font-weight: 400;\"> between Westinghouse, KEPCO and KHNP in January resolved the intellectual property dispute, clearing a path for the Czech project to move forward. However, the specific terms of the settlement remain confidential.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Westinghouse settlement removed a legal obstacle for South Korea\u2019s nuclear energy exports, but it likely created a financial one. The confidential resolution likely involved some form of licensing or profit-sharing agreement, meaning KHNP\u2019s nuclear exports may no longer be fully independent. Even if KHNP secures the Czech contract, a portion of the profits will likely flow to Westinghouse, raising long-term cost concerns for South Korea\u2019s nuclear industry. If these royalty arrangements are too burdensome, KHNP could lose its pricing advantage in future European bids, particularly in Romania and Poland, where South Korea hoped to expand its presence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the South Korea-Czech meetings may have helped to reaffirm Seoul\u2019s competitiveness, KHNP\u2019s international expansion is now likely subject to Washington\u2019s financial and strategic considerations. The nuclear sector is highly politicized, and any future shift in U.S. policy \u2014 especially under the Trump administration\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2025\/01\/trump-returns-to-power-with-policies-that-could-strain-us-south-korea-relations\/\"><span style=\"font-weight: 400;\">\u201cAmerica First\u201d policy<\/span><\/a><span style=\"font-weight: 400;\"> \u2014 could negatively impact South Korea\u2019s export prospects. However, the Czech contract remains a test case that could determine whether South Korea can emerge as a true global nuclear power provider or remain dependent on U.S. oversight.<\/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 reaffirmed their commitment to energy and nuclear cooperation during ministerial talks in Seoul on Monday and Tuesday. The 2nd South Korea-Czech Supply Chain &amp; Energy Dialogue focused on expanding collaboration in nuclear power, advanced industries and clean energy. The South Korea-Czech Energy Technology Forum brought together over 150 government, [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2208420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"class_list":["post-2208419","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>Czech nuclear deal puts South Korea\u2019s energy ambitions to the ultimate test - 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\/2025\/02\/czech-nuclear-deal-puts-south-koreas-energy-ambitions-to-the-ultimate-test\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Czech nuclear deal puts South Korea\u2019s energy ambitions to the ultimate test - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"South Korea and the Czech Republic reaffirmed their commitment to energy and nuclear cooperation during ministerial talks in Seoul on Monday and Tuesday. 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