PRAGUE — President Yoon Suk Yeol and the Czech Republic’s Prime Minister Petr Fiala on Friday adopted motion plans to implement the strategic partnership between the 2 nations for the following three years, looking for a wider vary of cooperation past South Korea’s potential nuclear export to the Czech Republic.
Below the brand new motion plan, efficient 2025 — or the tenth anniversary of the bilateral strategic partnership — the world of cooperation between Seoul and Prague will not be restricted to the potential 24 trillion-won ($18 billion) nuclear export deal.
The cooperation can even revolve round a wider vary of industries, comparable to clear mobility, hydrogen know-how, public transport, house actions, low-carbon applied sciences and nationwide protection, in line with the doc adopted after bilateral talks held in Liechtenstein Palace in Prague, the Czech capital.
The 2 nations can even create cooperation facilities for high-tech industries, together with secondary batteries, future automobiles, semiconductors and robots within the Czech Republic, in line with the motion plan. Analysis tasks within the areas of electrical automobiles and EV batteries, hydrogen applied sciences, synthetic intelligence, digital applied sciences, semiconductor improvement and manufacturing, photonics, superior supplies and equipment can even be inspired.
On this vein, a complete of 56 memoranda of understanding had been signed throughout Yoon’s official go to. Moreover, the newly-established Commerce and Funding Promotion Framework and the ministerial-level Provide Chain and Power Dialogue will additional enhance bilateral commerce and funding. Commerce between South Korea and the Czech Republic hit all-time highs previously for years, whereas South Korea has been the most important non-European investor within the Czech Republic.
Yoon mentioned after the talks that the 2 nations will “push for the all-out financial cooperation trade, vitality and provide chain” by leveraging the Czech Republic’s manufacturing prowess with South Korea’s technological edge to hunt financial breakthrough.
Yoon additionally mentioned the finalization of the contract to construct two 1,000-megawatt nuclear energy models in Dukovany, Czech Republic, in March 2025 will enable the 2 nations to work collectively to institutionalize a complete civil nuclear vitality cooperation, from development to analysis and human sources improvement.
These efforts will advance the connection between Seoul and Prague to a “nuclear vitality alliance,” Yoon added.
Fiala mentioned that the 2 nations have witnessed exemplary circumstances of bilateral enterprise cooperation, as seen in Hyundai Motor and Nexen Tire. He additionally mentioned he was all for teaming up within the fields of small modular reactors, hydrogen applied sciences, army tools and trains.
Fiala additionally advised reporters on the press convention that he was invited to go to Seoul subsequent yr.
