South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
A consortium led by Korea Hydro & Nuclear Power Co. (KHNP) will finalize the agreement next Wednesday with Elektrarna Dukovany II (EDU II), the Czech utility overseeing the project, according to the Czech government and Yonhap.
South Korea’s Ministry of Trade, Industry and Energy hailed the win in a statement, calling it a breakthrough for the country’s energy export sector. The deal marks South Korea’s first international nuclear contract since the Barakah Nuclear Power Plant project in the United Arab Emirates in 2009.
South Korea was named the preferred bidder for the Dukovany project in July 2024. The win came after overcoming major legal and diplomatic challenges. Earlier this year, KHNP settled a legal dispute with U.S. firm Westinghouse Electric Co. over reactor technology rights. A separate appeal by France’s EDF was also rejected by Prague's competition authority.
The deal is expected to boost South Korea’s position in the European nuclear energy market, driven by rising global demand amid the AI boom and growing concerns over energy security due to geopolitical instability.
For the Dukovany site, KHNP will supply APR-1000 reactors, a localized version of its APR-1400 design used in the Barakah plant. The Czech Republic is also considering building two additional reactors at the Temelin nuclear power station, where South Korea is now seen as a strong contender.
Indonesia has raised the alert level to the highest for Mount Lewotobi Laki Laki after it erupted eight times over the weekend, the country’s volcanology agency said.
As South Western Railway becomes the latest operator to be renationalised under Great British Railways (GBR), questions remain about whether these changes will lead to better services or lower fares.
In Malaysia, rivers are under threat from invasive fish species that have spread widely, harming native wildlife and local ecosystems.
China has openly supported Denmark’s sovereignty over Greenland following renewed interest from US President Donald Trump in acquiring the autonomous Danish territory.
The US State Department has announced visa bans on owners, executives, and senior officials of India-based travel agencies accused of helping people enter the United States illegally.
Indonesia has raised the alert level to the highest for Mount Lewotobi Laki Laki after it erupted eight times over the weekend, the country’s volcanology agency said.
As South Western Railway becomes the latest operator to be renationalised under Great British Railways (GBR), questions remain about whether these changes will lead to better services or lower fares.
In Malaysia, rivers are under threat from invasive fish species that have spread widely, harming native wildlife and local ecosystems.
China has openly supported Denmark’s sovereignty over Greenland following renewed interest from US President Donald Trump in acquiring the autonomous Danish territory.
The US State Department has announced visa bans on owners, executives, and senior officials of India-based travel agencies accused of helping people enter the United States illegally.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
The U.S. Supreme Court recently allowed President Donald Trump's administration to move forward with ending Temporary Protected Status (TPS) for around 350,000 Venezuelans living in the U.S. Trump has also aimed to end TPS protections for Haitians, Afghans, and others.
The U.S. Supreme Court has granted a request from the Trump administration to lift protections under the Temporary Protected Status (TPS) program for approximately 350,000 Venezuelans, potentially opening the door to future deportations while litigation continues.
Lithuania has taken legal action against Belarus at the International Court of Justice (ICJ), accusing Minsk of organizing irregular migrant crossings and violating international obligations.
Indonesia has raised the alert level to the highest for Mount Lewotobi Laki Laki after it erupted eight times over the weekend, the country’s volcanology agency said.
As South Western Railway becomes the latest operator to be renationalised under Great British Railways (GBR), questions remain about whether these changes will lead to better services or lower fares.
Indonesia has raised the alert level to the highest for Mount Lewotobi Laki Laki after it erupted eight times over the weekend, the country’s volcanology agency said.
As South Western Railway becomes the latest operator to be renationalised under Great British Railways (GBR), questions remain about whether these changes will lead to better services or lower fares.
In Malaysia, rivers are under threat from invasive fish species that have spread widely, harming native wildlife and local ecosystems.
China has openly supported Denmark’s sovereignty over Greenland following renewed interest from US President Donald Trump in acquiring the autonomous Danish territory.
The US State Department has announced visa bans on owners, executives, and senior officials of India-based travel agencies accused of helping people enter the United States illegally.
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