‘Resolution of Intellectual Property’ Positive Signal for March Contract Confirmation
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| Andeok Geun (right), Minister of Trade, Industry and Energy, and Lukáš Blček, Minister of Industry and Trade of the Czech Republic, take a commemorative photo on the 17th at the Lotte Hotel in Jung-gu, Seoul, prior to the ‘2nd Supply Chain and Energy Dialogue’ (SCED). [Provided by the Ministry of Trade, Industry and Energy] |
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, ‘Our government has mobilized a ministerial-level industrial dialogue body to provide final support for the CZK 20 trillion contract to build new nuclear power plants in the Czech Republic, ahead of the final contract announcement next month.’,
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, ‘The Ministry of Trade, Industry and Energy announced that the ‘2nd Supply Chain and Energy Dialogue’ was held at the Lotte Hotel in Jung-gu, Seoul on the 17th, with Minister Andeok Geun and Czech Minister of Industry and Trade Lukáš Blček attending.’,
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, ‘The Korea-Czech Supply Chain and Energy Dialogue is a high-level industrial consultative body created by benchmarking the supply chain and industry dialogue (SCCD) that has aimed for a ‘high-tech alliance’ between Korea and the United States since 2022. The first event was held in September last year in the Czech Republic, followed by the second event being held in Seoul.’,
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, ‘During the dialogue, both sides reviewed cooperation items across various sectors such as nuclear power, carbon-free energy, trade, investment, supply chains, and advanced industries, and discussed future cooperation measures in depth, according to the Ministry of Trade, Industry and Energy.’,
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, ‘In the nuclear power sector, with final contract negotiations set to conclude by March, the Czech side positively evaluated Korea’s smooth progress in contract negotiations following the scheduled timeline and procedures.’,
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, ‘Additionally, both parties discussed broad cooperation measures in joint research and development (R&D) and human resource development in the nuclear power sector.’,
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, ‘In the carbon-free energy sector, the two countries agreed to strengthen cooperation in clean hydrogen technology, anticipated to significantly replace future fossil fuels.’,
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, ‘In the fields of trade, investment, and supply chains, amidst the global intensification of protectionism, both countries explored cooperation measures such as expanding trade volumes and shared supply chain crisis response cases.’,
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, ‘In the advanced industry sector, plans for establishing cooperation centers in three core sectors – batteries, future cars, and robotics – were discussed. Additionally, both countries agreed to sign a memorandum of understanding (MOU) for semiconductor cooperation, laying the groundwork for collaboration in semiconductor R&D and human resource development.’,
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, ‘The government has strategically proposed and promoted the expansion of comprehensive industrial cooperation between Korea and the Czech Republic, including the operation of a ministerial-level industrial cooperation dialogue body to support the export of ‘K-nuclear power’ to the Czech Republic.’,
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, ‘This is evaluated to have significantly influenced Korea’s selection as the preferred negotiation partner due to its superior price competitiveness compared to France and the commitment to complete the nuclear plant “on time within budget.”’,
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, ‘The Czech Republic is pursuing the construction of two new nuclear power plants in Dukovany, with the target project cost estimated to reach 20 trillion Korean won.’,
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, ‘After being selected as the preferred negotiating partner for the construction project, Korea Hydro & Nuclear Power is conducting detailed negotiations to finalize the contract by March with the Czech client.’,
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, ‘The recent resolution of the legal dispute with the U.S. company Westinghouse, which was a concern for potentially negatively impacting Korea Hydro & Nuclear Power’s final contract, has increased the likelihood of securing the final contract.’,
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, ‘If Korea Hydro & Nuclear Power ultimately secures the contract for the construction of the Czech nuclear power plants, it will mark the second largest nuclear power export order since the Barakah nuclear power plant in the United Arab Emirates (UAE) in 2009, occurring after 16 years. It is significant in establishing a foothold in the advanced market of Europe, providing an important opportunity to expand Korean nuclear power exports.’,
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, ‘Minister Andeok Geun emphasized, “This year marks the 35th anniversary of diplomatic relations and the 10th anniversary of the strategic partnership between the two countries.” He added, “Let’s develop the close bilateral relations to an entirely new level by smoothly concluding the final contract for the new nuclear power plant construction in Dukovany.” Moon-sook Bae, Reporter’,
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