Rosatom, Korean atomic industrial forum sign MOU

Rosatom International Network (RAIN), a subsidiary of State Atomic Energy Corporation Rosatom, and Korean Atomic Industrial Forum (KAIF) today announced they have signed a Memorandum of Understanding.

The MoU aims to enhance the dialogue between the nuclear industries of both countries. The parties agreed to constantly exchange information, to cooperate in the public acceptance of nuclear technologies, and to facilitate the nuclear industry human resources development. RAIN and KAIF will also combine efforts to support Russian and Korean enterprises in the establishment of partnerships in various spheres.

The signing ceremony was held at the 2016 Korea Atomic Power (KAP) Annual Conference in Busan. On behalf of the Russian side Alexander Merten, President of RAIN, signed the document. Kye-Hong Min, Executive Vice Chairman of KAIF, represented the Korean side.

“Russia historically has close ties with the Korean nuclear industry. The first was contract for the supply of enriched uranium to Korea was concluded by TENEX as early as in 1988, while the first MoU with KAIF we signed in 1991”, Alexander Merten said.

According to him, Rosatom was in close cooperation with Korean companies in the nuclear fuel cycle domain: TENEX continues to provide the long-term enriched uranium supply for Korea Hydro & Nuclear Power Co. (KHNP), which is the operator of all Korean nuclear power plants, and for that purpose since 2015 TENEX has been using Vostochny Port in the Russian Far East.

“There are plenty of other opportunities for the development of cooperation in various areas. So the document we signed today will give a fresh impetus to this work”, Alexander Merten concluded.

“Cooperation with RAIN will improve the mutual development of nuclear industry and sharing information and exchanging opinions for not only fuel cycle business but also nuclear plant construction and operation in Russia and Korea. KAIF is also willing to work with RAIN in our continued commitment to the peaceful uses of nuclear energy“, said Kye-Hong Min.

The MoU aims at the enhancement of the dialogue between the nuclear industries of the countries. The parties agreed to constantly exchange information, to cooperate in the public acceptance of nuclear technologies, and to facilitate the nuclear industry human resources development. RAIN and KAIF will also combine efforts to support Russian and Korean enterprises in the establishment of partnerships in various spheres.

“Russia historically has close ties with the Korean nuclear industry. The first was contract for the supply of enriched uranium to Korea was concluded by TENEX as early as in 1988, while the first MoU with KAIF we signed in 1991”, Alexander Merten said.

According to him, Rosatom was in close cooperation with Korean companies in the nuclear fuel cycle domain: TENEX continues to provide the long-term enriched uranium supply for Korea Hydro & Nuclear Power Co. (KHNP), which is the operator of all Korean nuclear power plants, and for that purpose since 2015 TENEX has been using Vostochny Port in the Russian Far East.

“There are plenty of other opportunities for the development of cooperation in various areas. So the document we signed today will give a fresh impetus to this work”, Alexander Merten concluded.

“Cooperation with RAIN will improve the mutual development of nuclear industry and sharing information and exchanging opinions for not only fuel cycle business, but also nuclear plant construction and operation in Russia and Korea. KAIF is also willing to work with RAIN in our continued commitment to the peaceful uses of nuclear energy“, said Kye-Hong Min.

––

Korean Atomic Industrial Forum (KAIF) was established in 1972. It sees its mission as improvement of national economy and public welfare by promoting the industrial use of nuclear energy through the exchange of nuclear related information, introduction of advanced technology and development of localization.

www.kaif.or.kr

ROSATOM International Network (RAIN) was established for the development and management of regional representative offices of ROSATOM all over the world. The main objectives of the company are supporting of the ROSATOM subsidiaries on the foreign markets, searching for new business opportunities, promotion of production and services of the Russian nuclear industry enterprises, assistance in creating effective business alliances, as well as marketing and PR support of ROSATOM enterprises.

ROSATOM is the Russian Federation national nuclear corporation bringing together around 400 nuclear industry companies and R&D institutions. With 70 years’ expertise in the nuclear field, we work on a global scale to provide comprehensive nuclear services that range from uranium enrichment to NPP construction. ROSATOM is the world’s #1 in nuclear new build, implementing projects to construct 9 reactors in Russia and 34 abroad. ROSATOM operates 27GW of nuclear capacities at 35 reactors in Russia. We also hold 36 per cent of the global uranium enrichment market and 17 per cent of the global nuclear fuel market.

www.rosatom.com

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