00:00South Korea and Turkey have agreed to explore financing for Turkish energy projects as Seoul
00:05seeks a role in building Turkey's planned second nuclear power plant at Sinop on the
00:10Black Sea coast.
00:12An agreement was signed on Tuesday by the Export-Import Bank of Korea and Turkey Nuclear
00:16Energy Inc., following talks between President Li Cia Mung and President Recep Tayyip Erdoğan
00:22in Seoul.
00:24The two entities are set to examine funding options and set up a working group.
00:28Turkey has not yet chosen a partner for the Black Sea plant.
00:33Li said cooperation was progressing smoothly while Erdoğan said Ankara would assess costs,
00:38financing and economic benefits before deciding.
00:42The leaders also agreed to expand defense production and technology cooperation, building on work
00:47on Turkey's Altai tank program.
00:50They also discussed renewable energy, hydrogen, critical minerals and trade.
00:54bilateral trade exceeds 9.8 billion euros last year and they aim to raise it to 13.4 billion euros.
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