South Korea and Ukraine sign uranium mining and nuclear power deal

South Korea has signed a deal to cooperate in building nuclear power plants and developing uranium with Ukraine, the country’s energy ministry said on Sunday.

South Korea will help Ukraine build and operate nuclear power facilities and Ukraine will allow South Korea to join its uranium development projects, according to a memorandum of understanding signed between the two countries.


Resource-poor South Korea, which relies on a stable supply of raw material to feed its export-driven economy, is keen to develop mines so that it will be less vulnerable to soaring raw material prices.

Ukraine is the world’s ninth-largest producer of uranium, used to fuel most of the world’s nuclear reactors.

Reuters