South Korea and Turkey have agreed to explore financing for Turkish energy projects as Seoul tries to win a role in Turkey's planned second nuclear power station at Sinop on the Black Sea coast, Euronews reports. The memorandum was signed by the Export-Import Bank of Korea and Turkey Nuclear Energy Inc after talks in Seoul between President Lee Jae Myung and President Recep Tayyip Erdoğan.
The two bodies will look at possible funding arrangements and form a working group, though no sum was announced. Turkey has not yet chosen a partner for Sinop. Lee said site assessments were under way and cooperation was going smoothly. Erdoğan has described South Korea as a potential partner, saying feasibility work with the state power company KEPCO continues and that cost and economic benefits will guide Ankara's final decision.
Source: Euronews
