Nuclear Industry Welcomes Strategic Investment Project for Korea-U.S. Nuclear Power Cooperation

Joint Statement by the Korea Nuclear Power Plant Export Industry Association and the Korea Atomic Industrial Forum

Overview of Unit 4 at the UAE Barakah Nuclear Power Plant Exported by Korea

The Korea Nuclear Power Plant Export Industry Association and the Korea Atomic Industrial Forum issued a joint statement on October 1, welcoming the launch of the "Strategic Investment Project in the U.S." aimed at establishing a cooperative relationship between the nuclear power industries of Korea and the United States.

Through the joint statement, the two associations said, "We consider it highly meaningful that the governments of Korea and the United States have announced plans to push forward with a strategic investment project targeting the U.S. We highly appreciate the efforts of both governments to open new export opportunities in the nuclear power industry, even under difficult external circumstances."

The associations further stated, "In particular, this project lays the foundation for the entry of Korean-type nuclear power plants into the U.S. market, significantly boosting the export expectations of domestic nuclear-related companies. Based on this, we anticipate new opportunities for Korean companies to participate in the global supply chain and make inroads—both as suppliers of equipment, construction, and engineering—in the nuclear power sector."

The associations also expressed their commitment to serving as a bridge between the nuclear industries of the two countries so that this investment will contribute to economic development for both Korea and the U.S. and revitalize Korea's domestic economy by expanding Korean nuclear companies' business operations in the United States.

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