Korea Trade Insurance Corporation (hereinafter referred to as "K-SURE"), Korea Development Bank, and Exim Bank announced on Friday 23rd that they signed a business agreement with Korea Electric Power, Korea Hydro & Nuclear Power, and six financial institutions* to discover overseas nuclear power plant export projects and strengthen cooperation in joint financial support.

This agreement was prepared to enhance the competitiveness of nuclear power plant finance and establish a cooperation system between policy and private financial institutions as a follow-up to the nuclear export strategy of the Ministry of Industry's "Nuclear Export Strategy Promotion Committee (Chairman: Minister of Industry)" formed last August, and was attended by K-SURE President Lee In-ho, San-Eun Kang Seok-hoon, Chairman Su-Eun Yoon Hee-sung, KEPCO President Jeong Seung-il, and Han Su-won President Hwang Ju-ho.

Lee In-ho, President of K-SURE, said, "As the importance of nuclear power plants is being highlighted to ensure energy security and meet global carbon neutrality demands, it is time for our companies to enhance their competitiveness in ordering nuclear power plants and secure global market leadership."

"K-SURE will spare no effort to support our companies' nuclear power plant projects without a hitch by providing timely and customized support to various financial needs that occur in the entire process of the project, such as nuclear power plant order, design, construction, and operation."

 San-eun Kang Seok-hoon, chairman of the Korea Development Bank, said that the Korea Development Bank (KIP) is the ECA* (Mercury· K-SURE) and private financial institutions, and will strive for the inflow of private funds necessary for the revitalization of K-nuclear finance.

It announced that it will play a key role so that the foundation for leapfrogging the strongest country in nuclear power plants is laid by financing overseas nuclear power orders, as well as supporting domestic equipment and materials companies to enter the global supply chain.

Sueun Yun Hee-sung said, "Mercury has contributed greatly to Korea's first successful export of overseas nuclear power plants as a result of KEPCO's active support with policy finance when it won the UAE Barakah nuclear project."

Through this business agreement, which was preemptively promoted by K-ECA, policy, and private financial institutions to strengthen nuclear finance cooperation, it is expected to make a breakthrough leap in securing Team Korea's financial competitiveness in the overseas nuclear power plant order project that is fiercely developing against the country.