South Korea is optimistic about overcoming challenges related to its multi-billion dollar nuclear plant project in the Czech Republic, despite objections from EDF and Westinghouse, as stated by President Yoon Suk Yeol in an interview with Reuters.

In a written response prior to his visit to the Czech Republic from September 19-22, Yoon emphasized that part of his trip’s purpose is to ensure the seamless finalization of the contract, highlighting the project’s significance as “paramount.”

In July, the Czech Republic selected Korea Hydro & Nuclear Power (KHNP) to construct two new nuclear power units, marking its largest energy investment initiative to date. However, Westinghouse’s appeal, claiming that KHNP does not possess a licensing agreement to export reactors utilizing its technology, poses a potential challenge. Additionally, France’s EDF has also contested the Czech decision following its loss in the final tender round.

Yoon noted that both Seoul and Washington are collaborating to foster a “friendly atmosphere” among nuclear energy businesses to resolve any intellectual property disputes and enhance cooperation. “I am confident that this initiative will lead to a smooth resolution of any issues that may arise between the parties involved,” he remarked. “There is no cause for concern regarding the construction of the nuclear power plant in the Czech Republic.”

Yoon’s visit coincides with the 35th anniversary of diplomatic relations between Seoul and Prague. His agenda includes discussions with Czech President Petr Pavel and Prime Minister Petr Fiala, as well as a tour of nuclear energy facilities in Plzen, according to his office.

Since assuming office in 2022, Yoon has aimed to strengthen security partnerships with European nations and NATO, driven in part by the increasing military collaboration between North Korea and Russia. Seoul and Washington have accused Pyongyang of supplying missiles, munitions, and other weaponry to Moscow for use in the conflict in Ukraine, in exchange for economic and military support.

Both Moscow and Pyongyang have refuted these claims. On Wednesday, North Korea launched several short-range ballistic missiles, marking the second such event in a week.

The South Korean military has indicated that last week’s test of what North Korea referred to as a new 600-mm multiple launch rocket system may be intended for export to Russia.

Yoon expressed his intention to collaborate with Czech leaders to formulate joint strategies aimed at countering North Korea’s advancements in nuclear and missile technology, as well as its growing military dealings with Russia.

He emphasized, “The illicit military and economic collaboration between these nations highlights the urgent need to enhance partnerships with European countries like the Czech Republic, which align with our values.”

Following the establishment of a strategic partnership treaty between North Korea and Russia this year, Yoon’s administration indicated a potential reconsideration of its stance on providing lethal aid to Ukraine, which would mark a departure from its current focus on humanitarian and economic support, should Moscow transfer advanced weaponry to Pyongyang.

While Yoon refrained from detailing specific thresholds, he asserted that both North Korea and Russia would incur repercussions if they jeopardized South Korea’s security. “We cannot accept any actions that endanger the safety and lives of our citizens,” he stated.