S. Korea, U.S., Japan bolster cooperation on SMRs amid surging power demand, geopolitical rivalry
The trilateral cooperation also came as China and Russia are expanding their influence in the global nuclear energy market
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Summary
The trilateral cooperation also came as China and Russia are expanding their influence in the global nuclear energy market. "The basic objective of this MOC is to establish a government-level framework that will enable the nuclear industries of the three nations to jointly advance into the global SMR market, beginning with the Indo-Pacific region," a South Korean foreign ministry official told reporters. China, backed by a largely self-sufficient domestic nuclear supply chain, is also rapidly expanding its global ambitions and is expected to commission a commercial-scale SMR this year.
Furthermore, Seoul argues that expanding South Korea's civilian enrichment capability would help build a more resilient fuel supply chain while reducing dependence on Russia and China. "Unlike many other infrastructure projects, nuclear power plants can create strategic relationships lasting decades, given the life cycle of a power plant from construction to operation and to decommissioning," another ministry official said. The initiative was first proposed by Washington and discussions began in the first half of last year, sources said. graceoh@yna.co.kr (END).
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The trilateral cooperation also came as China and Russia are expanding their influence in the global nuclear energy market.
reliability moderate2/2 sources"The basic objective of this MOC is to establish a government-level framework that will enable the nuclear industries of the three nations to jointly advance into the global SMR market, beginning with the Indo-Pacific region," a South Korean foreign ministry official told reporters.
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China, backed by a largely self-sufficient domestic nuclear supply chain, is also rapidly expanding its global ambitions and is expected to commission a commercial-scale SMR this year.
according to The Korea HeraldSeoul argues that expanding South Korea's civilian enrichment capability would help build a more resilient fuel supply chain while reducing dependence on Russia and China.
according to The Korea Herald"Unlike many other infrastructure projects, nuclear power plants can create strategic relationships lasting decades, given the life cycle of a power plant from construction to operation and to decommissioning," another ministry official said.
according to Yonhap NewsThe initiative was first proposed by Washington and discussions began in the first half of last year, sources said. graceoh@yna.co.kr (END)
according to Yonhap News
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