Korea and the Czech Republic have taken significant steps to strengthen their collaboration in critical sectors, with a particular focus on supply chains and energy. In a positive move toward deeper economic ties, both countries held their second high-level dialogue in Seoul, aimed at enhancing cooperation across trade, energy, and advanced industries.
At the heart of the discussions was the ongoing cooperation on a major nuclear energy project, which will see the construction of two nuclear power plants in the Czech Republic’s Dukovany region. This project, valued at approximately 24 trillion won (around $16.6 billion), represents the largest foreign investment in the Czech Republic’s history. The partnership is moving forward smoothly, and both countries are optimistic that a final agreement will be reached by March.
The dialogue also highlighted the potential for growth in clean energy technologies, with both sides agreeing to collaborate on the development of sustainable energy solutions, including clean hydrogen and nuclear energy. By working together, they aim to foster a more resilient energy supply chain and accelerate the transition to greener, more sustainable energy sources.
In addition to energy, the ministers discussed advancing cooperation in emerging sectors such as robotics, future mobility, and batteries. These industries are expected to play a key role in shaping global supply chains in the coming years, and both countries are eager to invest in research and development to drive innovation.
A memorandum of understanding was also signed to enhance collaboration in the semiconductor industry, further strengthening the foundation for long-term growth in both the Czech Republic and Korea. This agreement aligns with the growing demand for high-tech solutions and supports the development of more efficient, secure, and advanced supply chains globally.
The bilateral meeting also included a business conference aimed at promoting investment and exploring new opportunities. This initiative underscores the shared commitment to fostering economic growth and building stronger supply chain networks between the two nations.
As Korea and the Czech Republic celebrate the 35th anniversary of diplomatic relations and the 10th anniversary of their strategic partnership, both nations are poised to further elevate their ties, setting a strong foundation for future growth and collaboration in global supply chains.
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