South Korea's Ministry of Trade, Industry and Energy. (Aju Business DB)
South Korea’s Ministry of Trade, Industry and Energy said it held a launch ceremony Tuesday at the Changwon Convention Center for the third cohort of its “first-step” export program for small and midsize nuclear power companies.
The event was attended by Kang Gam-chan, the ministry’s director general for trade and investment, Kim Myeong-ju, South Gyeongsang Province’s vice governor for economic affairs, and representatives from related organizations including the Nuclear Export Industry Association, Korea Hydro & Nuclear Power, the Korea Trade-Investment Promotion Agency, and the Korea Trade Insurance Corp. The ministry also held a meeting with nuclear companies to discuss ways to boost exports of equipment and components.
The ministry said it has supported exports of nuclear equipment through multiple channels. Through the “first-step” program, it selected 37 early-stage exporters and provided end-to-end assistance, from consulting to financing, certification and marketing.
The ministry noted that the global nuclear supply-chain market is shifting rapidly as electricity demand rises with growth in the artificial intelligence industry and the expansion of data centers, prompting calls to adjust government support strategies. It said it is reviewing steps to strengthen its export support system and provide tailored assistance based on the characteristics of new markets.
“Amid the global expansion of nuclear power, opportunities for our companies to take the lead in new markets are becoming real,” Kang said. “The government will provide broad support so domestic companies can turn this trend into opportunity, including winning orders for new nuclear plants and entering overseas supply chains.”
The event was attended by Kang Gam-chan, the ministry’s director general for trade and investment, Kim Myeong-ju, South Gyeongsang Province’s vice governor for economic affairs, and representatives from related organizations including the Nuclear Export Industry Association, Korea Hydro & Nuclear Power, the Korea Trade-Investment Promotion Agency, and the Korea Trade Insurance Corp. The ministry also held a meeting with nuclear companies to discuss ways to boost exports of equipment and components.
The ministry said it has supported exports of nuclear equipment through multiple channels. Through the “first-step” program, it selected 37 early-stage exporters and provided end-to-end assistance, from consulting to financing, certification and marketing.
The ministry noted that the global nuclear supply-chain market is shifting rapidly as electricity demand rises with growth in the artificial intelligence industry and the expansion of data centers, prompting calls to adjust government support strategies. It said it is reviewing steps to strengthen its export support system and provide tailored assistance based on the characteristics of new markets.
“Amid the global expansion of nuclear power, opportunities for our companies to take the lead in new markets are becoming real,” Kang said. “The government will provide broad support so domestic companies can turn this trend into opportunity, including winning orders for new nuclear plants and entering overseas supply chains.”
* This article has been translated by AI.
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