South Korea edges ahead of rivals to build Europe’s nuclear reactors

Big deals: Visitors watch the North Korea side from the Unification Observation Post in Paju, South Korea, near the border with North Korea. South Korea is in talks to supply nuclear reactors to the United Kingdom, Poland and Slovenia. — AP

SEOUL: South Korea’s long-held ambition of exporting its nuclear power technology got a major boost last week, potentially setting it up to be the reactor provider of choice to several countries.

State-owned Korea Hydro & Nuclear Power Co was chosen to build two multibillion-dollar reactors in the Czech Republic, beating out rivals and paving the way for South Korean companies to potentially score a string of deals across the continent.