South Korean President Yoon Suk Yeol and Czech Prime Minister Petr Fiala recently participated in a signing ceremony in Prague to signify a collaborative financial effort between the state financial institutions of their respective countries. The agreement, involving institutions such as Eximbank and Korea Trade Insurance Corp. from South Korea, aims to facilitate the expansion of Korean businesses in the Czech Republic and beyond. The partnership also seeks to support large-scale infrastructure projects, enhance the supply chain, and promote growth in sectors like eco-friendly automobiles and batteries. The meeting between the two leaders solidified a significant nuclear export deal worth 24 trillion won ($18 billion) with the Czech Republic. This agreement is expected to boost trade relations between South Korea and the Czech Republic, particularly benefiting Korean companies looking to establish a presence in the European market. Eximbank's Chairman and CEO Yoon highlighted that the collaboration between the state lenders of both countries will serve as a crucial bridge to assist Korean enterprises in expanding into key markets in the Czech Republic, covering various sectors beyond nuclear power.