Yoon to visit Czech Republic in September to discuss nuclear power project


President Yoon Suk Yeol had a phone conversation with Czech Prime Minister Petr Fiala to discuss bilateral cooperation in nuclear energy and other areas. During the call, Yoon agreed to visit Prague in September at the request of Fiala to discuss the successful implementation of a major nuclear power plant project, following the Czech Republic's selection of a South Korean consortium as the preferred bidder. Yoon emphasized that the project would enhance both countries' capabilities in the nuclear sector and expressed a commitment to collaborating in the global market during the nuclear renaissance era. Additionally, the presidential office announced that special envoys, including Sung Tae-yoon and Industry Minister Ahn Duk-geun, were sent to the Czech Republic to discuss follow-up measures on the project, such as establishing a government-to-government hotline. The South Korean consortium, led by Korea Hydro & Nuclear Power, was recently named the preferred bidder for the Czech project, which is valued at approximately 24 trillion won ($17.3 billion). If the deal is finalized, it would be the first time since 2009 that South Korea has secured an overseas nuclear power plant construction project, following its contract to build the Barakah Nuclear Power Plant in the United Arab Emirates.


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