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 nuclear power plant collaboration during a bilateral summit in Seoul on Tuesday. The two nations signed a memorandum of understanding (MOU) to facilitate Korean firms' involvement in Turkey's upcoming Sinop project. Presidents Lee Jae Myung of South Korea and Recep Tayyip Erdogan of Turkey also pledged to broaden joint arms production, examine joint entry into international markets, enhance trade and investment, and coordinate for the peace and stability of the Korean Peninsula.
Lee emphasized that the MOU would enable proactive support for Korean companies in Turkey's nuclear power plant initiatives. The agreement between the Export-Import Bank of Korea and Turkey's nuclear energy corporation facilitates the exchange of project information, financing feasibility assessments, and identification of funding opportunities. This MOU expands upon a nuclear energy cooperation pact signed during Lee's previous visit to Turkey.
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