[South Korean Report] Concerns over nuclear power plant export to Czech Republic hindering negotiations with Westinghouse．．． South Korean government “currently in discussions with the US．”
As the South Korean government and Korea Hydro & Nuclear Power Co. (KHNP) advance final contract negotiations for a 24 trillion won (approximately 2.6 trillion yen) project to build two nuclear power plants in the Czech Republic, there are concerns that the negotiations with the US company Westinghouse, which claims to own the intellectual property rights to the South Korean-made nuclear power plants, will be hindered, resulting in negative effects. The South Korean government said it was “currently in discussions with the U.S. government on this matter,” and added that it would “resolve the issue so that there are no hindrances to the export of nuclear power plants to the Czech Republic.” On the 24th, the Ministry of Trade, Industry and Energy issued a press briefing on the difficulties in exporting Korean-made nuclear power plants to the Czech Republic due to a lawsuit with the US company Westinghouse, stating, “The Korean government is in discussions with the US government through various channels to support the amicable resolution of the dispute between the nuclear power companies of the two countries.” This explanation came after a high-ranking South Korean government official reported in the country that negotiations between Korea Hydro & Nuclear Power and the US company Westinghouse, which claims intellectual property rights to South Korean-made nuclear power plants, were hitting a deadlock. For South Korea to export nuclear power plants, Westinghouse, which initially provided the basic technology, must agree to this and it must also report to the U.S. Department of Energy. However, Westinghouse is reportedly refusing to give its consent, demanding the supply of equipment as a condition for consent. Last month, the Korean team, including Korea Hydro & Nuclear Power, was selected as the preferred negotiating party for a project to build two new nuclear power plants in the Czech Republic, and is currently in negotiations to finalize the contract in March of next year. Since it has been selected as the preferred negotiating party, it would normally be normal to conclude this contract unless there are major changes in the situation. However, proceeding with the project despite de facto opposition from the United States poses significant risks for both South Korea and the Czech Republic. It is true that Korea Hydro and Nuclear Power used Westinghouse technology in the early stages of developing Korean nuclear power plants, but claims that it has since developed its own technology. However, given the international standing of the United States, it remains to be seen whether such a claim will be accepted in the international community. The South Korean government believes that there is still time left until the contract is signed in March of next year, and that, taking into account the current state of U.S.-South Korean relations, negotiations between the companies of the two countries will be smooth. Minister of Trade, Industry and Energy Ahn Deok-keun visited the United States on the 7th and 8th of this month (local time) and met with U.S. Energy Secretary Jennifer Granholm to discuss strengthening energy cooperation between the two countries. Ahn conveyed to Granholm on the same day that he hopes that the cooperation between the two countries will serve as a stepping stone for both countries to lead the global clean energy market. A South Korean government official said, “The governments of the United States and South Korea share the view that there is a great need for cooperation across the entire energy spectrum, including nuclear power, renewable energy, and hydrogen,” and added, “Under the strong US-South Korea alliance, we will hold discussions to ensure that there are no impediments to the export of nuclear power plants to the Czech Republic.” copyrights(c) edaily wowkorea.jp107 2024/08/25 07:02 ※Related thread [Czech Republic] Adopts Korean nuclear power plant, France loses [7/19] [Minister of the Right, Daichannosuke★].
>>9 In the case of the UAE, they seriously tried to use Toshiba and Hitachi as subcontractors at about 60% of the cost. However, after being rejected, an enraged Lee Myung-bak forced his way into the Democratic Party administration at the time. But no one paid any attention to me. After that, construction appears to have finished. It’s probably a huge deficit. They don’t make public any inconvenient information like deficits (sniff) The Korean government’s finances have deteriorated rapidly in recent years, and Korean spies and Japanese Korean spy agencies have been reporting it in the newspapers and on TV as if the Moon administration’s hand-wringing is the root of all evil, but in reality it’s probably a series of things like this (sniff).
“Considering the international standing of the United States, it remains to be seen whether such an argument will be accepted in the international community. ” If their international standing is low, it’s okay to copy them.
A South Korean government official said, “The governments of the United States and South Korea share the view that there is a great need for cooperation across the entire energy spectrum, including nuclear power, renewable energy, and hydrogen.” South Korea is making a big mistake; the world no longer trusts South Korea.
America: “Korea, you should use Korean tax money to build a cheap nuclear power plant in the Czech Republic, and let American companies make a profit.”
It is true that Korea Hydro and Nuclear Power used Westinghouse technology in the early stages of developing Korean-made nuclear power plants, but claims that it has since developed its own technology. However, considering the international standing of the United States, it is unclear whether such a claim will be accepted in the international community. It’s not about America’s status or anything like that, but just like with the name Sea of Japan, whenever something happens, they come up with some kind of strange theory like it’s because we don’t have the national power or we need to build up national power.
Hitting a wall with anger lol I’m glad the Czech Republic was given a chance to reconsider I can see a definite future where their patience will be tested to the limit by interacting with Korea, and they will be forced to buy defective products due to delayed delivery.
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