May 9th, 2025
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South Korean officials said on Wednesday that a Czech court's decision to stop a large project for a short time is just a small problem, and they are sure the deal will still happen.
A group of South Korean companies, with the main company being Korea Hydro and Nuclear Power, which is owned by the government, had planned to finish the agreement this week. They were making the deal with a part of CEZ, the biggest electricity company in the Czech Republic. But a court in the Czech Republic stopped CEZ from signing the agreement. This happened because the court is looking at a complaint from a French company called EDF, which did not win the chance to do the work.
South Korea's Industry Minister Ahn Dukgeun told reporters in Prague that the court's decision would only delay the signing of the final contract. He said that all other steps would continue as planned if the deal is finished. He also mentioned that the Czech government clearly did not expect the court to stop the agreement, and that CEZ wants to fight the decision.
It is not clear when the Czech Supreme Administrative Court will make a decision about that appeal.
Ahn said the Czech government didn't see EDF's claims as a big problem and invited them to the planned signing ceremony. He also said it seems the government's view was different from the court's decision.
Czech Prime Minister Petr Fiala said on Wednesday that his government accepts the court's decision. He also said, "I believe the judges and the court know how important this decision is and how it will affect the safety of the Czech Republic and our country's interests."
Lee Ju-Ho, who is currently leading South Korea, said that Seoul will work closely with the Czech Republic to make sure the agreement is completed soon.
In July, CEZ chose KHNP instead of EDF to build two big nuclear reactors at Dukovany. EDF went to court last week because the Czech competition authority said no to their complaint about how the company was chosen.
Before he was removed last month, former South Korean President Yoon Suk Yeol promised to increase the country's nuclear power exports. He believed they had decreased because the previous government wanted to use less nuclear energy in the country. His government aimed to sell 10 nuclear power reactors to other countries by 2030.
May 9th, 2025
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