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South Korea and Turkey sign financing pact as Seoul seeks role in planned nuclear power plant

Turkey and South Korea are expanding nuclear, defence and trade ties. Their latest agreement explores funding for nuclear projects, while Ankara weighs potential partners for its planned Sinop plant.

READ MORE : http://www.euronews.com/2026/11/03/south-korea-and-turkey-sign-financing-pact-as-seoul-seeks-role-in-planned-nuclear-power-pl

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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.
01:05Latin Funders
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