Daewoo E&C, KAERI to team up for nuclear tech research

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) announced on Friday that it signed a research collaboration memorandum of understanding (MOU) with the Korea Atomic Energy Research Institute (KAERI).

They agreed to collaborate for advanced nuclear research and development as well as the exploration of new projects.

The main areas of cooperation include small modular reactors (with a generation capacity of 300,000 kW) and overseas research reactors, as well as technology for the storage and disposal of spent nuclear fuel.

They decided to promote joint research, exchange of personnel, and shared utilization of research facilities and equipment. Additionally, they will jointly undertake advanced national technology projects in the field of research collaboration, with Daewoo E&C planning to invest in design and research personnel.

Earlier in June this year, Daewoo E&C signed an MOU with KEPCO Plant Service & Engineering for joint overseas nuclear project development and last month signed an MOU with SK Ecoplant.

"Through the MOU with the Korea Atomic Energy Research Institute, we plan to participate in advanced nuclear technology research and development, secure fundamental technology and drive the exploration of new business opportunities," a Daewoo E&C source said.

Write to You-Jung Lee at yjlee@hankyung.com