Jung Jae-hoon, CEO of Hanwoolwon, "Expanding Overseas Opportunities through Korea-US Nuclear Power Cooperation"

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Hydro & Nuclear Power (KHNP) announced on the 23rd that it actively welcomes the South Korea-U.S. governments' agreement to jointly enter the overseas nuclear power plant market, as it can increase the possibility of winning overseas nuclear power plant orders.

Jung Jae-hoon, CEO of KHNP, stated on the same day, "In the fiercely competitive global nuclear power market among supplier countries, it is very meaningful that a foundation has been established to jointly pursue order activities through South Korea-U.S. cooperation based on the recent summit agreement."

He added, "If South Korea, which demonstrated high technological capability and an excellent equipment supply chain through the successful commercial operation of Barakah Unit 1, and the U.S., a traditional nuclear power stronghold with geopolitical influence and extensive experience exporting many nuclear power plants overseas, enter overseas projects together, the competitiveness in winning orders will greatly increase. Through concrete discussions with U.S. companies, opportunities to enter the overseas nuclear power plant market are expected to expand, significantly contributing to the revitalization of our nuclear power ecosystem."

South Korea and the U.S. have been long-time partners in the nuclear field since the introduction of Kori Unit 1, continuously cooperating in various areas such as nuclear power equipment supply and research and development.

KHNP plans to leverage the South Korea-U.S. summit agreement to create synergy effects and achieve tangible order results in the overseas nuclear power plant market, accelerating efforts to export overseas nuclear power plants.

This content was produced with the assistance of AI translation services.