Industry Minister Sung Yun-mo expressed hope for South Korea to participate in construction projects for British nuclear power plants in his meeting with Alok Sharma, UK's secretary of state for business, energy, and industrial strategy.
With South Korea reducing nuclear energy dependence at home, the country has been seeking to participate in overseas construction projects of nuclear power plants, instead.
Consequently, it has successfully penetrated the United Arab Emirates.
Sung met Sharma in Seoul to discuss the two countries' post-pandemic cooperation, according to the Ministry of Trade, Industry, and Energy.
The two countries agreed to maintain their trade ties after the UK departed from the EU and to form a deeper bond to overcome the economic jitters caused by the pandemic.
The UK is the second-largest export destination in Europe after Germany for South Korean products.
UK's divorce from the EU means that South Korea's economic and trade deals with the bloc will no longer be valid for London.
Trade between the two countries was worth $9.7 billion in 2019, with South Korea's exports to the European country estimated at $5.5 billion.


Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens
Australian Household Spending Dips in December as RBA Tightens Policy
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 



