MOU boosts Korea’s bid for Argentina nuclear plant

Korea and Argentina signed an agreement for nuclear power cooperation Thursday raising hope for Seoul’s bid to enter the atomic energy market in Latin America.

Under the agreement, the countries will discuss ways to cooperate in Argentina’s projects to build a new nuclear power plant and extend the operation of existing plants, the Ministry of Knowledge Economy said.

The two governments will also actively support nuclear power companies’ cooperation.

Korea’s Knowledge Economy Minister Choi Kyung-hwan and Argentina’s Federal Planning, Public Investment and Service Minister Julio de Vido inked the memorandum of understanding in Seoul.

Argentina operates two nuclear power plants and is building a new one to be completed by September 2011. The country is planning to build another one soon, the ministry said.