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 ...

Detonators in Hebei, China

The death toll has risen to eight after Saturday's explosion triggered by detonators illegally manufactured and stored at a residential building in north China's Hebei Province, local authorities said Monday. Five more bodies were retrieved while rescuers were clearing the debris in the city of Baoding, the city government said in a statement late Monday. Another 27 people are still under treatment in hospital, it added. Two suspects, a 38-year-old man surnamed Ge and his 42-year-old girlfriend, turned themselves in to police Monday noon in the eastern province of Anhui. Ge and two relatives started producing detonators in 2009. Due to poor sales, the three stored unsold detonators at a house of the six-storey building in Dongwuyao Village. The explosion that occurred Saturday afternoon toppled part of the building and also shattered the glass windows of buildings 200 meters away.

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...