Search Results

South Korea and Türkiye Sign Financing Agreement to Advance Nuclear Power Cooperation

Recently, during a bilateral meeting held in Seoul between South Korean President Lee Jae-myung and Turkish President Recep Tayyip Erdogan, the Export-Import Bank of Korea (Eximbank) and Türkiye's nuclear energy company formally signed a memorandum of cooperation on financing for energy projects. It is reported that the agreement aims to provide solid financial guarantees for South Korean companies intending to participate in the construction of Türkiye's second nuclear power plant at Sinop on the Black Sea coast. Türkiye's Ministry of Energy stated that the two sides will establish a joint working group to discuss specific financing arrangements and information exchange. Prior to this, South Korea's state-owned Korea Electric Power Corporation (KEPCO) had...

2026-11-04

Korea Eximbank to Promote Financial Cooperation with TerraPower on Small Modular Reactors

The Export-Import Bank of Korea (KEXIM) is in talks on financial cooperation with TerraPower, a U.S. next-generation nuclear energy company, with both sides planning to establish a support mechanism centered on the commercialization of small modular reactors (SMRs) and overseas market expansion. According to KEXIM, bank Chairman Hwang Gi-yeon recently met with TerraPower Chairman Bill Gates, and the two sides exchanged views on expanding the global SMR ecosystem and advancing Korea-U.S. next-generation nuclear energy cooperation. TerraPower was founded by Bill Gates in 2008 and focuses on developing next-generation nuclear energy technologies. The company has developed the "Natrium" next-generation reactor using sodium-cooling techn...

2026-08-16