by DAVID ADAM STOTT
Introduction
“We had been building nuclear power stations for 30 years but had failed in repeated attempts to break into international markets.”
South Korean President Lee Myung-bak in a January 2010 radio address. [1]
December 2009 was an historic month for the South Korean nuclear industry. In winning two bidding competitions to design and construct nuclear power plants in the Middle East, it dramatically signalled its arrival as an international force in the sector. The opening announcement concerned Jordan’s first nuclear research reactor whilst the second, and most important, was a massive contract to build at least four nuclear power plants in the United Arab Emirates (UAE). The South Korean team was one of nine original bidders and beat off competition from France and an American-Japanese consortium from the final shortlist of three. As the USA, France and Japan account for almost half of the world’s total nuclear reactors, this was an impressive achievement, especially since it will be the first nuclear power plant that Korea has exported.
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