Korea and Czech Republic's Nuclear Partnership

Photo courtesy: The Korea Herald

South Korean President Yoon Suk-Yeol arrived in the Czech Republic in October to meet with Czech President Petr Pavel and to discuss a nuclear partnership. Both countries signed several memorandums of understanding, confirming their cooperation on nuclear energy and other sectors (Nuclear Engineering International). 

The Czech Republic seeks South Korea’s assistance in expanding its nuclear energy capabilities. According to the Korea Economic Institute of America, this partnership aligns with  Europe’s growing interest in nuclear energy following the Ukraine War. Currently, nuclear power accounts for one-third of the Czech Republic’s energy, and the government plans to increase that to 50%. Korea Hydro & Nuclear Power was selected to build up to four nuclear power plants in the Czech Republic, surpassing competitors from France and the U.S. (NEI). 

The Korea Post reported that the project is valued at around 24 trillion KRW and is expected to benefit South Korea by revitalizing its nuclear sector which suffered under the previous administration. Korea will strengthen its global competitiveness in nuclear power exports, demonstrating its advanced industry (KEIA). The plan is as follows according to Nuclear Newswire:

2029: Secure a building permit 

2036: Begin trial operation

2038: Start commercial operation