South Korea Emerges as Global Player in Nuclear

It's been obvious for a long time that South Korea is the Sweden of Northeast Asia--a modest-size country that is so high-tech-savvy and business-smart that it consistently punches way above its weight. But it still comes as a surprise that a Korean nuclear construction group is entering the ring to slug it out with France's Areva and a GE-Hitachi team for a reactor construction contract in the United Arab Emirates, as the Wall Street Journal reports. The group, led by Korea Electric Power Co., includes Samsung and Hyundai, as well as Japan's Toshiba-Westinghouse. With six reactors under construction, Korea plans to build a dozen more by 2030.

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