Minister of Energy and Natural Resources Alparslan Bayraktar visited Seoul, the capital of South Korea, to attend the Turkiye-South Korea 9th Semester CEC Meeting.
Bayraktar, who also co-chaired the meeting, held a bilateral meeting as part of his contacts in Seoul with South Korean Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, who co-chaired the meeting with him.
At the ceremony following the meetings, the minutes of the Türkiye-South Korea 9th Semester JEC Meeting were signed.
On the other hand, Minister Bayraktar met with high-ranking representatives of South Korea's leading energy and mining companies and industrial organizations at a round table meeting.
In his speech here, Bayraktar informed Türkiye's energy vision and explained its nuclear energy goals.
Noting that nuclear energy is an important potential area for cooperation with foreign companies, Bayraktar said:
“Türkiye has a very ambitious goal of reaching a nuclear energy production capacity of 20 gigawatts by 2050. We are currently building 4 reactors in Türkiye. We are a growing market, our demand is constantly increasing. The current construction is being carried out by a Russian company, but as part of our nuclear vision, we are in very close and intensive negotiations with the South Korean Electric Power Company (KEPCO) for new reactors. We are also strong in small ones modular reactors (SMRs). “I believe we will have a separate meeting with you about the role of SMRs in our energy transition.”
Minister Bayraktar said: “Turkish companies as well as Turkey and Korea can cooperate in the Middle East, Africa and Central Asia. This will allow us to join forces to operate together in different countries and regions.” he said.
Cooperation opportunities between Turkey and South Korea were discussed
Bayraktar also met with South Korea's Minister of Climate, Energy and Environment Kim Sung-whan.
Stating that they comprehensively discussed the existing cooperation and new opportunities to further develop energy relations between Turkey and South Korea, Bayraktar said: “We assessed concrete steps that can be taken in the areas of renewable energy, nuclear energy and power transmission infrastructure, especially during the energy transformation process. We agreed on a work agenda that reflects the two countries' experiences in this field, especially in terms of supply diversity, which will strengthen energy supply security and cooperation that can be developed in third countries.” gave his assessment.
Minister Bayraktar said that during his meeting with South Korea's Minister of Trade, Industry and Resources Kim Jung-Kwan, they discussed their vision in the field of nuclear energy and critical minerals.
Stating that they have positioned nuclear energy as one of the basic elements of energy supply security in line with the 2053 net-zero emissions target, Bayraktar said: “We have assessed joint areas of work that will strengthen technical cooperation, technical capacities and contribution of domestic industry in the field of nuclear technologies. We have also discussed concrete cooperation options that will strengthen the complementary capacities of the two countries in the field of critical minerals.” he said.
Minister Bayraktar also met with Kim Dong-cheol, Chief Executive Officer (CEO) of KEPCO, as part of his contacts in Seoul.
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