Korea, US formally ink MOU on principles concerning nuclear exports, cooperation

This undated photograph, supplied by Korea Hydro & Nuclear Energy, reveals the Dukovany nuclear energy plant within the Czech Republic.

Korea and the US have formally signed a memorandum of understanding (MOU) on rules regarding nuclear exports and cooperation, Seoul’s trade ministry stated on Thursday.

Business Minister Ahn Duk-geun and Secretary of Power Jennifer Granholm attended the signing occasion on Wednesday (native time), which concerned Korea’s trade and overseas ministries and the U.S.‘ State and Power Departments. It got here after the 2 sides initialed the doc in November.

In a joint launch, the 2 sides highlighted their mutual dedication to maximizing the peaceable use of nuclear vitality in accordance with the „highest requirements“ of security, safety, safeguards and nonproliferation.

The signing of the MOU adopted a dispute between Korea’s Korea Hydro & Nuclear Energy (KHNP) and Westinghouse Electrical, a U.S. nuclear vitality agency, over a nuclear reactor export concern. (Yonhap)