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South Korea and Czech Republic Push Forward on $18 Billion Nuclear Deal Despite Legal Hurdles

Both nations reaffirm commitment to Dukovany project, secure cabinet approval, and sign 14 cooperation agreements while addressing EDF's court challenge.

Overview

  • South Korea and the Czech Republic have reaffirmed their commitment to the $18 billion Dukovany nuclear reactor deal, despite a court injunction delaying the contract signing.
  • The Brno Regional Court issued a temporary injunction following a legal challenge by French energy company EDF, the losing bidder in the nuclear tender process.
  • Czech cabinet approval has been granted to proceed with the contract immediately after the injunction is lifted, ensuring the project remains on track.
  • The two nations signed 14 agreements and MOUs, expanding their collaboration into advanced manufacturing, energy technologies, and supply chain partnerships.
  • The Dukovany project is critical for Czech energy independence and represents South Korea’s first overseas nuclear export since 2009.