Ministry of Industry Actively Supports Nuclear Power Plant Exports... Launch of Private Advisory Group
[Sejong=Asia Economy Reporter Kwon Haeyoung] The Ministry of Trade, Industry and Energy is stepping up support for nuclear power plant exports. This move is in response to changes in the nuclear power export environment, such as the recent concretization of overseas nuclear power plant project orders in countries like the Czech Republic and the growing interest in small and medium-sized nuclear power plants in overseas markets.
The ministry announced on the 4th the official launch of the 'Nuclear Power Export Advisory Committee.'
The committee is an advisory body composed of private experts in related fields such as nuclear power, international trade, diplomacy, and security. It plays a role in exploring strategies for export issues and securing next-generation export engines.
The ministry also established the 'Nuclear Power Export Information and Support System' for small and medium nuclear power companies. It consists of a Korean-language site that provides information on overseas nuclear power market entry and related support systems to Korean companies, and an English-language site that offers information about Korean companies and nuclear power equipment and parts to overseas clients and buyers.
Since the completion of the UAE Barakah nuclear power plant, Korea's first nuclear power export unit, is scheduled for this year, the ministry plans to focus all efforts on the successful commencement of commercial operation of the Barakah nuclear power plant and leverage this momentum to secure new overseas nuclear power projects in countries such as the Czech Republic and Poland.
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Joo Youngjun, Director of the Energy Resources Office at the Ministry of Trade, Industry and Energy, said, "We will actively support the export of nuclear power equipment and parts by our small and medium enterprises by strengthening cooperation with major nuclear power export competitors," adding, "We will also explore export strategies in preparation for the advent of next-generation and small and medium-sized nuclear power markets."
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