Hwang Gi-yeon, president of the Korea Export-Import Bank, met with Bill Gates, chairman of the Gates Foundation, to discuss financial cooperation for the commercialization of small modular reactors (SMR).
On August 14, Hwang and Gates discussed financial support for global nuclear power projects being pursued by TerraPower and Korean companies. Gates is also the founder of TerraPower.
The Export-Import Bank plans to provide tailored financial packages that combine loans and guarantees for future nuclear projects involving TerraPower and Korean firms.
As SMR enters a phase of large-scale deployment, the bank is also exploring ways to expand cooperation with global financial institutions, including the U.S. Export-Import Bank, to establish a joint financial support system.
Gates stated, "The excellent manufacturing and construction capabilities of Korean companies, along with the tailored financial support from the Export-Import Bank, will be key drivers in accelerating the commercialization of TerraPower's SMR. I hope our collaboration will serve as a catalyst for the global transition to clean energy and entry into third-country markets."
Hwang emphasized, "By combining Korea's world-class K-nuclear supply chain with the financial support capabilities of the Export-Import Bank, we will actively support our companies in securing a leading position in the global SMR market."
On August 14, Hwang and Gates discussed financial support for global nuclear power projects being pursued by TerraPower and Korean companies. Gates is also the founder of TerraPower.
The Export-Import Bank plans to provide tailored financial packages that combine loans and guarantees for future nuclear projects involving TerraPower and Korean firms.
As SMR enters a phase of large-scale deployment, the bank is also exploring ways to expand cooperation with global financial institutions, including the U.S. Export-Import Bank, to establish a joint financial support system.
Gates stated, "The excellent manufacturing and construction capabilities of Korean companies, along with the tailored financial support from the Export-Import Bank, will be key drivers in accelerating the commercialization of TerraPower's SMR. I hope our collaboration will serve as a catalyst for the global transition to clean energy and entry into third-country markets."
Hwang emphasized, "By combining Korea's world-class K-nuclear supply chain with the financial support capabilities of the Export-Import Bank, we will actively support our companies in securing a leading position in the global SMR market."
* This article has been translated by AI.
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