SKorea, US agree to revised civil nuclear cooperation deal

Image
AP Seoul
Last Updated : Apr 22 2015 | 4:42 PM IST
South Korea said today it reached agreement with Washington on revisions to the 41-year-old treaty that governs the country's commercial nuclear activities.
Ambassador for nuclear energy cooperation Park Ro-byug said the deal would pave the way for South Korea to better manage spent nuclear fuel and improve nuclear exports.
The revised treaty sets the terms that will govern South Korea's management of spent nuclear fuel for the next 20 years. It needs approval from legislatures in both countries.
South Korea is still not allowed to reprocess spent nuclear fuel using US-originated nuclear materials without prior consent.
South Korea wants the ability to enrich uranium, a process it must undergo to become a viable nuclear fuel, to reduce import costs and to aid its reactor exports.
The US restricts those activities because uranium enrichment technology can be used to produce nuclear weapons and it also fears that backing South Korea's enrichment ambitions may provoke already belligerent North Korea.
But the revised deal gives more leeway to South Korea in research activities and data collection related to spent fuel. Seoul and Washington also agreed to establish a high-level committee to discuss uranium enrichment for nuclear power generation, the key sticking point during the five-year negotiations.
Seoul officials said the establishment of the committee was a step toward securing consent for uranium enrichment. The current treaty, which took effect in 1974 when South Korea's nascent nuclear power industry was highly dependent on the US technologies, expires early next year.
Seoul and Washington began talks in 2010 to upgrade the terms to better reflect the growth in South Korea's nuclear industry. The Asian country has become a major exporter of nuclear power reactors. It also generates about one third of its energy from nuclear power.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2015 | 4:42 PM IST

Next Story