India Post News Paper


 Breaking News

India inks civil nuclear deal with South Korea

July 25
03:25 2011

President Lee Myung-bak, right, smiles alongside Indian President Pratibha Patil

SEOUL: India today signed a civil nuclear cooperation agreement with South Korea, paving the way for Seoul to export atomic power plants to the booming Asian giant.

The pact, signed after summit talks between President Pratibha Patil and her South Korean counterpart Lee Myung-bak provides legal ground for South Korea’s participation in India’s atomic power plant construction projects.

South Korea has now become the ninth country which had signed nuclear agreement with India after it got the waiver from the Nuclear Suppliers’ Group (NSG) in 2008.

The others are the US, France, Russia, Canada, Mongolia, Kazakhstan, Argentina and Namibia.

South Korea operates 20 nuclear plants that generate some 35 per cent of its electricity needs, and is keen to export its technology to fast developing countries like India.

“The two countries have just concluded and signed a bilateral agreement on cooperation in the peaceful uses of nuclear energy,” said Sanjay Singh, Secretary (East), Ministry of External Affairs.

“It is like other civil nuclear agreements signed between India and other countries. We look forward to Republic of Korea for becoming one more partner in the development of civil nuclear energy in India,” the official said without divulging further details on the agreement and its mandate but termed the deal as a “win-win” for both the nations.

South Korean presidential spokesman Park Jeong-ha said he anticipates that the two countries could launch negotiations on a reactor construction project in the future.

Both India and South Korea decided to start talks on civil nuclear cooperation during a meeting between Prime Minister Manmohan Singh and South Korean President Lee on the sidelines of the ASEAN Summit in Hanoi in October last year.

Seoul’s state-run Korea Electric Power Corp. (KEPCO) has been seeking cooperation with Nuclear Power Corporation of India Limited to get into India’s nuclear power plant construction market, South Korea’s Yonhap news agency reported.

The nuclear agreement was signed by Dr Srikumar Banerjee, Secretary Department of Atomic Energy and Kim Sung Hwan, Foreign Minister of the Republic of Korea.

Earlier, Patil and her South Korean counterpart Lee held a 20-minute restrictive meeting followed by a delegation level talks for over an hour at the ‘Blue House’, official residence of the Korean President.

Patil is on a week-long tour of Korea and Mongolia.

Besides the agreement on nuclear cooperation, the two sides also signed a Memorandum of Understanding on media exchanges and another agreement on administrative arrangements to provide social security to people working in India and Korea.

The MoU on media was signed by Singh and Choung Byoung-gug, Minister for Culture, Sports and Tourism.

The third agreement for administrative arrangements for social security was signed by Skand Ranjan Tayal, Ambassador of India to South Korea and Chin Soo Hea, Minister of Health and Welfare.

Briefing the media on the deliberations between the two Presidents, Singh said both the countries also discussed the expansion of defense cooperation.

“Increased naval and coast guard cooperation was a possibility that was touched upon in the discussions. They deliberated on issues pertaining to co-production of defense equipment, transfer of technology and joint Research and Development,” the Secretary said.

“They also discussed the possibilities of cooperation in the peaceful uses of outer space. India looks forward to once again launching Korean satellites on Indian rockets,” Singh quoted Patil as saying to President Lee, adding that “our facilities are of high quality and are available at competitive price.”

Patil also invited Korean companies to invest in India and explore business opportunities.

“Rashtrapatiji conveyed to President Lee that the investment environment in India is improving rapidly and invited more Korean companies to invest in India and make it their base for manufacturing operations including for export to third countries,” Singh said.

She pointed out that Indian pharmaceuticals and IT services are of high quality and requested the government of Republic of Korea (ROK) to enhance market access for these Indian products in the Korean market.

Both the Presidents agreed to encourage greater people-to-people exchanges and stressed to start more direct flights between India and South Korea.

“For this purpose, we have to amend our Civil Aviation Agreement so as to grant each other’s carriers fifth freedom rights. They agreed to do this soon,” the official said.

President Patil and President Lee also talked about India’s proposal for the revival of Nalanda University in Bihar besides discussing regional and national issues.

“They decided to increase cooperation and coordination in the East Asia summit process and also the issues pertaining to Asia pacific,” the Indian official said.

Patil also offered floral tributes to a bust of Nobel laureate Rabindranath Tagore near here on the occasion of his 150th birth anniversary. -PTI



About Author

India Post Newspaper

India Post Newspaper

Related Articles

EPAPER – LATEST EDITION – January 28th 2022


ZEE 5 Subscription in USA




She Homes



It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*


Jobsora Jobs


Download Media Kit

India Post Media Kit