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.


RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 



