South Korean President, Yoon Seok-yeol, met with Czech President Petr Fiala on the 19th in Prague to expand strategic cooperation on energy security and climate crisis response. They specifically discussed the construction of a new nuclear power plant in Dukovany by Korean companies as a key milestone in strengthening bilateral strategic partnership. Yoon’s visit comes after Korean Hydro & Nuclear Power was selected as the preferred negotiator for the construction of two new large nuclear reactors in Dukovany, a deal worth 24 trillion won. However, potential legal challenges arose as U.S. nuclear company Westinghouse claimed infringement of their intellectual property by Korea’s export of the “latest Korean-designed nuclear reactor (APR1000).” Yoon expressed confidence in amicably resolving disputes between Korean and American companies to foster a favorable business environment. This visit underscores the importance of international collaboration in addressing global energy and climate challenges.
Source link
President Yoon: “Westinghouse Dispute Will Be Resolved Amicably”
0
Previous ArticleIran Prepared for Defense, Not Seeking War: President