• 2026.04.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

Czech Republic places ‘temporary hold’ on Korean nuclear power plant contract

Global Economic Times Reporter / Updated : 2024-10-31 05:53:31
  • -
  • +
  • Print
Antitrust authorities accept competitor objections... Government “It is a preliminary measure according to procedures”

 

AFP news agency and others reported that the Czech anti-monopoly watchdog authorities temporarily suspended the contract for a new nuclear power plant construction project between the country's government and Korea Hydro & Nuclear Power on the 30th (local time).

An official from the Czech Antitrust Office (UOHS) told AFP, “We made a preemptive decision after accepting objections from Electric Power France (EDF) and Westinghouse.” The official continued, “This is not a suggestion as to how this issue will be decided.”

Czech Electricity Corporation (CEZ), which ordered the project, told Reuters, “We are confident that we have complied with relevant laws from the time we selected the preferred bidder.”

The Czech government selected Korea Hydro & Nuclear Power Corporation as the preferred negotiating party for the additional construction project for the Dukovany nuclear power plant last July and decided to sign a final contract by March of next year. Accordingly, American companies Westinghouse and EDF, which were eliminated from the bidding competition, each filed objections with the Czech antitrust authorities after being selected as the preferred bidder. Westinghouse claimed that KHNP used its patented reactor design technology and that third parties could not use this technology without the company's permission.

Previously, the government announced in July that Korea had won an order for a new nuclear power plant project in the Czech Republic worth 24 trillion won. It is the largest nuclear power plant export in history and an achievement achieved 15 years after winning the order for the Barakah nuclear power plant in the United Arab Emirates (UAE) in 2009.

The Ministry of Trade, Industry and Energy said, “Because the Czech competition authorities have received the complaint, we have taken preliminary measures in accordance with standard procedures,” and added, “The government plans to explain our position in detail if requested by the Czech authorities.”

At the ‘Shin-Hanul Nuclear Power Plant Units 1 and 2 Comprehensive Completion Ceremony and Units 3 and 4 Groundbreaking Ceremony’ held in Uljin, Gyeongsangbuk-do on this day, President Yoon Seok-yeol said, “I and the government will use the Czech nuclear power plant order as a stepping stone to further open the export path for our nuclear power industry.” He said, “I will take care of everything to ensure that the main contract for the Czech nuclear power plant next year is successfully concluded.”

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #Czech
  • #Czech Antitrust Office
  • #Electric Power France
  • #Westinghouse
  • #Czech Electricity Corporation
  • #Korea
Global Economic Times Reporter
Global Economic Times Reporter
Reporter Page

Popular articles

  • From the Alps to Seoul: Life in the Heart of Europe

  • TikTok Bets $50M on South Korea: Creator Rewards to Increase Sixfold

  • Public Sector to Adopt ‘Odd-Even’ Vehicle Rotation Starting April 8; 5-Day Rotation Extended to Public Parking Lots

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065559829168443 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Theori Supplies ‘Xint,’ an AI-Powered Hacker Solution, to Samsung Electronics
  • Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market
  • FORCS to Unveil 'eformsign AI Assistant' at WIS 2026: A Revolution in AI-Powered Electronic Documents
  • [Interview] Chairman David Cha of ‘Ethiopia Bet’: "Building a House (Bet) of Self-Reliance Beyond Simple Relief"
  • Taiwanese Tourism Industry Experiences the Charm of Chungnam
  • A University Professor's Lament

Most Viewed

1
From the Alps to Seoul: Life in the Heart of Europe
2
BYD Hits 10,000-Unit Milestone in South Korea Within One Year, Eyes Exclusive "10,000 Club" Entry
3
$2 Million Per Ship: Iran’s "Hormuz Toll" Emerges as Chokepoint in Peace Talks
4
BOK Holds Rate Steady for Seventh Consecutive Meeting, Signaling End of Easing Cycle
5
Republican Party Faces "Total Crisis" as War and Inflation Cloud Midterm Outlook
광고문의
임시1
임시3
임시2

Hot Issue

Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors

MAFRA Unveils Success in Integrated Rural Care: Synergizing Social Farming and Medical Services

Gov't Launches 'One-Team' Initiative to Transform Regional Airports into Tourism Hubs

Inzent Partners with Canada’s Solace to Accelerate Expansion in the Financial IT Market

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers