• 2025.12.18 (Thu)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

Czech Republic places ‘temporary hold’ on Korean nuclear power plant contract

Global Economic Times Reporter / Updated : 2024-10-31 05:53:31
  • -
  • +
  • Print
Antitrust authorities accept competitor objections... Government “It is a preliminary measure according to procedures”

 

AFP news agency and others reported that the Czech anti-monopoly watchdog authorities temporarily suspended the contract for a new nuclear power plant construction project between the country's government and Korea Hydro & Nuclear Power on the 30th (local time).

An official from the Czech Antitrust Office (UOHS) told AFP, “We made a preemptive decision after accepting objections from Electric Power France (EDF) and Westinghouse.” The official continued, “This is not a suggestion as to how this issue will be decided.”

Czech Electricity Corporation (CEZ), which ordered the project, told Reuters, “We are confident that we have complied with relevant laws from the time we selected the preferred bidder.”

The Czech government selected Korea Hydro & Nuclear Power Corporation as the preferred negotiating party for the additional construction project for the Dukovany nuclear power plant last July and decided to sign a final contract by March of next year. Accordingly, American companies Westinghouse and EDF, which were eliminated from the bidding competition, each filed objections with the Czech antitrust authorities after being selected as the preferred bidder. Westinghouse claimed that KHNP used its patented reactor design technology and that third parties could not use this technology without the company's permission.

Previously, the government announced in July that Korea had won an order for a new nuclear power plant project in the Czech Republic worth 24 trillion won. It is the largest nuclear power plant export in history and an achievement achieved 15 years after winning the order for the Barakah nuclear power plant in the United Arab Emirates (UAE) in 2009.

The Ministry of Trade, Industry and Energy said, “Because the Czech competition authorities have received the complaint, we have taken preliminary measures in accordance with standard procedures,” and added, “The government plans to explain our position in detail if requested by the Czech authorities.”

At the ‘Shin-Hanul Nuclear Power Plant Units 1 and 2 Comprehensive Completion Ceremony and Units 3 and 4 Groundbreaking Ceremony’ held in Uljin, Gyeongsangbuk-do on this day, President Yoon Seok-yeol said, “I and the government will use the Czech nuclear power plant order as a stepping stone to further open the export path for our nuclear power industry.” He said, “I will take care of everything to ensure that the main contract for the Czech nuclear power plant next year is successfully concluded.”

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #Czech
  • #Czech Antitrust Office
  • #Electric Power France
  • #Westinghouse
  • #Czech Electricity Corporation
  • #Korea
Global Economic Times Reporter
Global Economic Times Reporter
Reporter Page

Popular articles

  • Farewell to a Legend: South Korea Mourns the Passing of Esteemed Actor Lee Soon-jae

  • SK Hynix Earnings Forecast Soars: Kiwoom Securities Raises Target Price to KRW 730,000

  • The Delivery Wars Intensify: Coupang Eats Triples Users on the Back of 'Free Delivery,' While Baemin and Yogiyo Decline

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065559829168443 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Doosan Group Chosen as Preferred Bidder for SK Siltron in Multi-Billion Dollar Deal
  • Even Elite "Collective Intelligence" Fails: Seoul National University Students Miss the Mark on Exchange Rate Forecasts
  • The Ambassador’s Cup Taekwondo Championship Returns to Bulgaria, Celebrating Martial Arts and Diplomacy
  • Nobel Laureate Machado Departs Oslo; Remains in Good Spirits Despite Spinal Injury
  • Google Completes Gemini 3 Lineup with Launch of ‘Flash’ Model: High Speed Meets Uncompromised Intelligence
  • Germany Approves Massive $60 Billion Rearmament Package to Bolster Defense

Most Viewed

1
Choi Bun-do, Chairman of PTV Group, Assumes Presidency of the Korean Chamber of Commerce and Industry in South Central Vietnam
2
From Court to Content: French Tennis Star Océane Dodin Trades Racquet for OnlyFans, Eyes $5M in a Year
3
Lee Dismisses Vice Minister Amid Allegations of Misconduct and Vetting Gaps
4
NVIDIA Lobby Succeeds? U.S. Bill Expected to Drop AI Chip Export Restrictions
5
US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025
광고문의
임시1
임시3
임시2

Hot Issue

UK to Rejoin EU’s Erasmus+ Program in 2027: A Major Milestone in Post-Brexit Relations

China’s SpaceSail Challenges Starlink’s Hegemony in Brazil’s Satellite Internet Market

U.S. Congress Passes 2026 NDAA: A Legislative Fortress Against Unilateral Troop Withdrawals

Meloni Blocks Key EU Initiatives: Italy’s "My Way" Policy Shadows Upcoming Summit

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers