Korea Eximbank is strengthening its policy finance support system to expand overseas nuclear power orders. The bank aims to enhance the export competitiveness of 'K-nuclear' by preparing tailored financial packages for large-scale nuclear projects in countries like the Czech Republic and Vietnam.
On June 12, Korea Eximbank held a 'K-Nuclear Global Expansion Policy Finance Roundtable' at its headquarters in Yeouido, Seoul. The event was attended by representatives from state-owned nuclear power companies such as Korea Electric Power Corporation and Korea Hydro & Nuclear Power, as well as engineering, procurement, and construction (EPC) firms like Doosan Enerbility, Hyundai Engineering & Construction, Samsung C&T, and Daewoo Engineering & Construction, along with the Korea Nuclear Export Industry Association.
This roundtable was organized in response to the increasing electricity demand driven by the growth of the artificial intelligence (AI) industry, the rising importance of energy security, and the need to achieve carbon neutrality, which has brought renewed attention to the role of nuclear power. Discussions also focused on Korea Eximbank's role as a policy finance institution in line with the government's recently announced 'K-Nuclear One Team Export System Efficiency Improvement Plan.'
Participating companies shared challenges they face in pursuing overseas nuclear projects, including geopolitical risks and the burdens of securing large-scale, long-term financing. In response, Korea Eximbank pledged to provide customized financial solutions based on its past experience in financing the Barakah nuclear power plant in the United Arab Emirates, helping domestic companies secure competitive advantages in bidding.
Korea Eximbank plans to quickly establish a 'K-Finance Package' targeting large nuclear projects in Vietnam, the Czech Republic, Bulgaria, and Poland. The bank will proactively prepare financing solutions tailored to the needs of project owners and will also support exports in next-generation nuclear fields, such as small modular reactors (SMRs) and key equipment. Additionally, it will promote cooperative financing for small and medium-sized partner companies that form the backbone of the industrial ecosystem.
* This article has been translated by AI.
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