Business · Trade · 3 hrs ago
South Korea and Bulgaria renew cooperation on nuclear plant project
South Korea and Bulgaria reaffirmed cooperation on a nuclear power project at a meeting in Sofia on Monday.
The project is at Bulgaria’s Kozloduy plant and involves building two new reactors.
South Korean builder Hyundai Engineering & Construction is part of a consortium with US energy firm Westinghouse.
The meeting was the joint economic committee’s first gathering in seven years.
The two countries also discussed expanding ties in trade, investment, defense, transport, science and technology, and digital industries.
They said they would work closely to ensure the project progresses, which they view as an important milestone in economic cooperation.
South Korea and Bulgaria reaffirmed cooperation on Bulgaria’s new Kozloduy nuclear power plant project.
The commitment was made at a bilateral economic committee meeting in Sofia on Nov. 2.
The two sides said successful implementation of the project would be an important milestone in their economic cooperation.
Hyundai Engineering & Construction is participating in a consortium with U.S. firm Westinghouse to build two new reactors.
The sides also discussed expanding cooperation in trade, investment, defense, transportation, science and technology, and digital industries.
- Who
- South Korea and Bulgaria, represented by their economic officials.
- What
- They reaffirmed cooperation on Bulgaria’s Kozloduy nuclear plant project and discussed broader economic ties.
- When
- Nov. 2, 2026.
- Where
- Sofia, Bulgaria.
- Why
- They said successful implementation of the nuclear project would be an important milestone in bilateral economic cooperation.
This story does not have two clearly opposing sides.
The inaugural South Korea-Bulgaria Joint Economic Committee meeting was held in Sofia.
The committee’s second meeting was held in Seoul.
The third committee meeting was held in Sofia, and the sides reaffirmed cooperation on the nuclear plant project.
- Committee meeting
- Third South Korea-Bulgaria Joint Economic Committee meeting
- Meeting date and place
- Nov. 2, 2026; Sofia, Bulgaria
- Nuclear project
- Kozloduy nuclear power plant project in Bulgaria
- Reactors planned
- Two new reactors
- South Korean participant
- Hyundai Engineering & Construction Co.
- Consortium partner
- Westinghouse Electric Co.