President Yoon Suk Yeol held a series of talks with the leaders from the Czech Republic, the Netherlands, Sweden and Finland on Wednesday to discuss cooperation in the nuclear industry, hoping to boost South Korea’s bid in upcoming deals.

Yoon held separate bilateral meetings with leaders from the four European countries on the margins of the North Atlantic Treaty Organization (NATO) summit in Washington, which focused on expanding security and economic cooperation.

In his meeting with Czech President Petr Pavel, Yoon highlighted South Korea’s nuclear technology, production capacity and financial packages needed to build advanced nuclear reactors, Park Chung-sup, senior presidential secretary for economic affairs, told reporters in a briefing.

The talks come as South Korea’s state-run Korea Hydro and Nuclear Power (KHNP) and France’s state-owned utility EDF are competing to win the bid to build four 1,200-megawatt nuclear reactors in Czech.

If the KHNP secures the deal, it would mark South Korea’s first
overseas nuclear project since it won a $20 billion nuclear reactor project in the United Arab Emirates in 2009.

Yoon also held bilateral meetings with leaders from the Netherlands, Finland and Sweden, which are considering building new nuclear power plants.

Source: Yonhap News Agency