Skip to main content

South Korea's participation in the Eurasian nation's nuclear power

Turkish Prime Minister Recep Tayyip Erdogan on Friday asked for South
Korea's participation in the Eurasian nation's nuclear power plant
construction project, an official said, a request expected to revive
suspended negotiations between the two sides.

Erdogan made the offer in summit talks with South Korean President Lee
Myung-bak held on the sidelines of the G-20 summit meeting in the
French city of Cannes, senior presidential press secretary Choe
Guem-nak said.

Lee welcomed the request and proposed to hold "substantive
negotiations," Choe said.

Last year, South Korea and Turkey held intense negotiations on the US$
20 billion project to build four nuclear reactors on Turkey's Black
Sea coast. But the negotiations were suspended after the sides failed
to work out key differences.

Japan had been expected to win the project. But Turkey's talks with
Japan have reportedly been halted since March's nuclear power plant
accident in Japan in the wake of an earthquake and tsunami.

South Korea is a global atomic energy leader that relies on nuclear
plants for about 40 percent of its electricity needs. The country has
also been trying to export nuclear power plants since Korean firms won
a massive contract in late 2009 to build four atomic power plants in
the United Arab Emirates.

During Friday's meeting, Lee and Erdogan also agreed to make joint
efforts to conclude ongoing negotiations on a free trade agreement
before the end of the year, Choe said. They also agreed to increase
cooperation in the defense industry, he said.

Comments

Popular posts from this blog

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...

U.S. economic data reacts to crude oil price

Crude prices rose on Thursday as U.S. economic data came in positive and continuing unrest in the Middle East caused supplies fears. Market sentiment was boosted after the Commerce Department said U.S. gross domestic product expanded at a 2.7 percent annual rate, much faster than 2.0 percent it estimated last month. It was the quickest quarterly growth rate since the fourth quarter of 2011, helped by faster inventory accumulation and export growth, which offset weak consumer spending and a drop in business investment. Meanwhile, a report from the Labor Department added to the upbeat tone. The report showed U.S. initial jobless claims declined 23,000 in the week ended Nov. 24 to 393,000, as effect of Hurricane Sandy faded. Pending home sales climbed 5.2 percent in October, surging to its highest level in more than five years, according to the National Association of Realtors. Traders were closely watching the situation in the Middle East, in particular the viole...

Obama is the richest man in the world

I hold you to the words you are writing. You blamed Bush for the balanced budget disappearing. I don't know if you are capable of holding a memory that happen yesterday. You have forgotten that Bush was a war President, two wars in his term; Katrina & Rita, three major hurricanes that destroyed Florida and the gulf coast, Annual fires ravaging California that dependent on Bush to declare those as disaster areas too. Then the Democrats protest any move by the Republican to reform the Fannie Mae and Freddi Mac because of policy created by Democrats on home buyers that had no income. Greenlining was opposed by Democrats. Bush fought the good wars, maintained the economy until Obama and his handlers created a hoax about worst economy, and unemployment in 5%. People like you believed his lies, about high debts in $500 billion and worst unemployment and depression since 1932!   In less than a year Obama committed $3 trillion debts, before his term is over projected to $27 trillion, ...