Nuclear Power Diplomacy: Korean Prime Minister Met with Saudi Arabian Minister, Czech Senate President | BusinessKorea

Sunday, January 21, 2018

31 October 2017 - 12:15pm
Jung Suk-yee

South Korean Prime Minister Lee Nak-yon met with Saudi Arabian Minister of Economy and Planning Adel Fakeih in Seoul on October 30 and told him that South Korean companies are looking forward to contributing to Saudi Arabia’s Vision 2030 economic development plan.

“Nuclear power generation for energy source diversification constitutes a key part of the plan and South Korea’s advanced nuclear power generation technology, safety management technology and nuclear power plants can be a very nice option to choose from,” said the Prime Minister. Minister Adel Fakeih said in response that he is well aware of the technology of South Korea and South Korean companies will be able to complete on a level playing field for future projects in his country.

Prime Minister Lee Nak-yon met with Milan Stech, President of the Senate of the Parliament of the Czech Republic, on October 30 as well. The former made a similar request and the latter said, “I hope more and more South Korean companies will invest in my country and I’m convinced that South Korea’s advanced applied technology and my country’s strength in basic sciences will be great partners.”

At present, Saudi Arabia is planning to build two 2.8 GW nuclear power plants by 2030 and the international tender for the project is around the corner. The Czech Republic is aiming to reach 1 GWe by 2035.



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