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S. Korea, Finland discuss ways to expand cooperation in atomic power

All Headlines 15:39 November 05, 2012

VIENTIANE, Nov. 5 (Yonhap) -- South Korean Prime Minister Kim Hwang-sik met with his Finnish counterpart Jyrki Katainen Monday to discuss ways to boost cooperation in atomic power after the two sides initialed a nuclear pact earlier this year.

Their meeting came after the two nations signed a preliminary deal in May in Finland to expand cooperation in the nuclear energy field and to ensure peaceful use of atomic energy.

"I expect a preliminary atomic cooperation agreement between the two countries will be officially signed and take effect in the near future," Kim said during the meeting held on the sidelines of the Asia-Europe Meeting (ASEM), which kicked off Monday in the Laos capital for a two-day run.

The agreement is expected to help South Korean businesses gain easier access to the Finnish atomic power industry, which is technologically advanced in terms of nuclear waste disposal and nuclear safety, according to Seoul officials.

Finland currently has four nuclear power plants in operation, with one under construction and two more planned for the future. South Korea's state-run Korea Hydro & Nuclear Power is currently bidding for a contract to build a sixth reactor.

If signed, the nuclear energy accord with Finland will become South Korea's 28th, following similar agreements with the United States, Canada, Australia, and other nations.


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