Korea, Turkey deepen Sinop nuclear plant cooperation at Seoul summit
Korea and Turkey agreed to deepen cooperation on nuclear power plants during a bilateral summit in Seoul on Tuesday, signing a memoradum of understanding (MOU) to support Korean firms’ participation in Turkey’s planned Sinop project. President Lee Jae Myung and Turkish President Recep Tayyip Erdogan also agreed to expand joint arms production, explore joint entry into third-country markets, boost…
Korea and Turkey strengthened their partnership on nuclear power plants during a summit in Seoul on Tuesday. They signed a memorandum of understanding (MOU) to support Korean firms' involvement in Turkey's Sinop nuclear project. President Lee Jae Myung of South Korea and President Recep Tayyip Erdogan of Turkey also discussed expanding joint arms production, exploring markets in third countries, boosting trade and investment, and promoting future growth cooperation. They also agreed to coordinate for peace on the Korean Peninsula and international stability.
The MOU between South Korea's Export-Import Bank and Turkey's nuclear energy corporation enables the exchange of project information, feasibility assessments for financing, and identification of potential funding opportunities. It expands on a previous nuclear energy cooperation MOU signed during Lee's previous state visit.
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- Korea, Turkey deepen Sinop nuclear plant cooperation at Seoul summit koreatimes.co.kr
