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South Korea becomes Ninth Country to Sign Civil Nuclear Deal with India

South Korea becomes Ninth Country to Sign Civil Nuclear Deal with India

The USA, France, Russia, Canada, Mongolia, Kazakhstan, Argentina and Namibia had already signed some level of nuclear power cooperation agreement with India in the wake of the 2008 breakthrough led by President Bush. Financial benefits have flowed most to Russia and Rance so far.

In Seoul last week, visiting Indian President Pratibha Patil signed a civil nuclear cooperation agreement which will pave the way for Seoul to export atomic power technology to the Nuclear Power Corporation of India Ltd (NPCIL).  The pact, signed after summit talks between President Pratibha Patil and her South Korean counterpart Lee Myung-bak, provides legal ground for South Korea’s participation in the construction of atomic power plants in India. South Korea operates 20 nuclear plants that generate some 35% of its electricity needs.

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