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.