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South Korea keen to market nuclear technology to United Arab Emirates, and missile technology, too.

South Korea president, in UAE, backs return to nuclear power

MRO, ABU DHABI, United Arab Emirates (AP) 16 Jan 23, – South Korean President Yoon Suk Yeol said on Monday that his nation’s efforts to be carbon neutral by 2050 would rely in part on returning to nuclear power, even though his predecessor had tried to move away from atomic power.

Yoon’s comments at a summit in the United Arab Emirates, made in front of the country’s leader, Sheikh Mohammed bin Zayed Al Nahyan, served to underline Seoul’s commitment to nuclear power as it works to finish the Arabian Peninsula’s first atomic power plant. That could see South Korea in line for lucrative maintenance contracts and future projects in the UAE, which Seoul has grown closer to over recent years.

Yoon’s predecessor, President Moon Jae-in, sought to move South Korea away from nuclear power amid safety and graft scandals and Japan’s 2011 Fukushima nuclear disaster………..

Yoon traveled later Monday to the Barakah nuclear power plant in Abu Dhabi’s far western desert near Saudi Arabia with Sheikh Mohammed before a planned business summit back in the capital.

On his arrival back, Yoon told the summit that, using the Barakah plant as an example, he hoped the Emirates and South Korea could expand this “new model of cooperation” to include nuclear fuel, small reactors and other joint advances to third countries…….

Yoon’s embrace of nuclear power also provides a guarantee of sorts that South Korea remains invested in servicing the Barakah plant. France, also home to nuclear power plants and another Emirati business and military ally, has sought contracts here as well.

Already, Yoon’s four-day trip the UAE has seen a promise from Sheikh Mohammed to invest some $30 billion in the country. Heavyweight business leaders from Hyundai, Samsung and other companies also are taking part in the state visit.

On Sunday, Yoon also visited South Korean special forces stationed in the United Arab Emirates, a murky deployment that grew out of Seoul’s deal over the nuclear power plant. The Akh unit is comprised of some 150 troops………..

Already, the Emiratis have paid $3.5 billion for the Cheongung II, or “Heaven’s Bow,” surface-to-air missile system from South Korea ….  https://www.mromagazine.com/2023/01/16/south-korea-president-in-uae-backs-return-to-nuclear-power/

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January 17, 2023 - Posted by | marketing, South Korea

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