Construction Industry Vision Forum Holds Seminar to Explore Korea-UK Nuclear Industry Cooperation

[Asia Economy Reporter Noh Kyung-jo] The Construction Industry Vision Forum (hereinafter referred to as the Forum) announced on the 15th that it will hold an international seminar on "The Current Status of Nuclear Power in the United Kingdom and Korea-UK Cooperation Plans" at the POSCO Center Art Hall in Daechi-dong, Gangnam-gu on the afternoon of the 23rd.

In July, the European Union (EU) included nuclear power in the "Green Taxonomy," a standard classifying environmentally friendly energy. The Korean government also announced its "Energy Policy Direction," which includes resuming construction of Shin Hanul Nuclear Power Units 3 and 4 and expanding the share of nuclear power to over 30% of the total energy mix by 2030. Subsequently, Korea secured a construction contract for the El Dabaa nuclear power project in Egypt worth approximately 3 trillion won in August and is continuing negotiations related to nuclear power plant construction with Poland.

The UK government is currently constructing new nuclear power plants with a total capacity of 3,200 MW, including Hinkley Point C and the Sellafield nuclear complex, to achieve energy self-sufficiency. The Rolls-Royce consortium, a UK energy and engine technology company, is also promoting small modular reactors (SMRs).

At this seminar, Tom Greatrex, Chairman of the UK Nuclear Industry Association, is scheduled to present on the current status of the UK nuclear power industry and Korea-UK cooperation plans. Mark Savidge, a nuclear executive at Turner & Townsend in the UK, responsible for integrated project management of Hinkley Point C and Sellafield nuclear power plants, will introduce project cases. The Forum expects this to be a great opportunity to deepen understanding of the UK nuclear industry as well as project-level organization, technology, management, and project financing (PF).

A discussion chaired by Professor Emeritus Seo Kyun-ryeol of Seoul National University's Department of Nuclear Engineering will also be held. Panelists will include representatives from the Ministry of Trade, Industry and Energy, Korea Electric Power Corporation, Doosan Enerbility, and Hyundai Engineering & Construction. The discussion will explore nuclear technology, mutual market entry strategies for Korea and the UK nuclear sectors, and joint entry strategies into third countries.

Anyone interested in the nuclear industry can attend. Pre-registration is free and available on the Forum's website until the 20th of this month.

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