Supply Chain

South Korean task force established to promote nuclear power exports

August 23, 2022, 12:02PMANS Nuclear Cafe

Lee Chang-yang

A multi-ministry task force has been established by the government of South Korea to promote the export of nuclear power development projects. The task force, led by minister of trade, industry, and energy Lee Chang-yang, includes nine ministries, such as national defense; economy and finance; foreign affairs; and land, infrastructure, and transport. It also includes a number of private-sector companies and public institutions— Korea Hydro and Nuclear Power, Export-Import Bank of Korea, and Korea Electric Power Corporation among them.

Diplomatic offices: The Korean task force plans to establish diplomatic offices in several countries in order to perform its mission effectively, including the United Kingdom, the Netherlands, the Czech Republic, Poland, Kazakhstan, the Philippines, Saudi Arabia, and South Africa.

These offices will allow Korean officials to interact and network more closely and effectively with nuclear officials in foreign countries. The task force is currently developing strategies to win upcoming contracts in these nations.

Trade and financial center: In another action, the Korean task force is planning to open a center at which nuclear power plant exporters will be able to easily obtain trade and financial services. The task force will also allow for nuclear development projects to build links with other Korean industries, such as the automotive, electric vehicle battery, and semiconductor industries.

Tags:
export-import bank of koreakorea electric power corporationkorea hydro and nuclear powerlee chang-yangsouth korea
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