Kang Kyung-seong, president of the Korea Trade-Investment Promotion Agency (KOTRA), visited Prague, Czech Republic, on the 5th and 6th (local time) and discussed ways to implement expanded economic cooperation with the Czech economic cooperation organizations.
According to KOTRA on the 9th, negotiations for the final contract on a new nuclear power plant in the Czech Republic by Korea Hydro & Nuclear Power are underway, aiming for a conclusion by the end of this month. During this meeting, President Kang met with Jan Mihal, director of the Czech Investment Agency. The two sides agreed to expand economic cooperation, including in energy (transmission and distribution, hydrogen) and advanced industries.
In addition, President Kang visited the Czech Chamber of Commerce. The Chamber of Commerce is the largest economic organization in the Czech Republic and one of the agencies responsible for economic diplomacy. In September, during economic diplomacy, it collaborated with Korea to hold hydrogen consultation meetings and forums. President Kang discussed the expansion of economic cooperation following nuclear power, economic diplomacy cooperation, and implementation and collaboration plans at the corporate level.
To chair the European trade investment expansion strategy meeting, President Kang, who visited the Czech Republic, visited Doosan Skoda Power, the Czech investment corporation of Doosan, a key participant in the 'Team Korea' for the Czech nuclear power bid, and held discussions with officials from Korea Hydro & Nuclear Power, Doosan, and others on support for the nuclear power bid and export plans for electricity equipment.
President Kang said, "Czech Republic and South Korea represent the manufacturing industry countries of Central Europe and East Asia, respectively, and there is expected synergy in cooperation," adding, "As expectations for economic cooperation have increased due to economic diplomacy and nuclear power cooperation, I will work hard to implement economic cooperation tasks and serve as a stepping stone for our corporations' entry into Central Europe."