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3w ago

South Korea Races to Resolve Czech Nuclear Deal and U.S. Trade Tariffs

Acting President Lee Ju-ho commits to expediting the €18.6 billion Czech nuclear contract while navigating U.S. tariff negotiations ahead of the July moratorium deadline.

Acting President Lee Ju-ho speaks during an economic security strategy meeting at the government complex in Seoul on May 7, 2025. (Pool photo) (Yonhap)

Overview

  • A Czech court has temporarily blocked the €18.6 billion nuclear power plant deal between CEZ and Korea Hydro & Nuclear Power Co., citing a legal complaint from France's EDF.
  • Acting President Lee Ju-ho has directed close coordination with Czech authorities to finalize the contract swiftly and ensure transparency in the process.
  • South Korea's Industry Minister Ahn Duk-geun, currently in Prague, is engaged in discussions following the court injunction that disrupted the planned signing ceremony.
  • The Czech government maintains that the tender evaluation process was conducted transparently and in compliance with legal standards.
  • Parallel to the nuclear deal resolution, South Korea is preparing for further tariff negotiations with U.S. Trade Representative Jamieson Greer at next week’s APEC trade ministers' meeting.