After the summit, the two leaders observed the signing of a memorandum of understanding aimed at developing South Korea’s SMART reactors and commercializing its technology in order to jointly enter the global market.
The SMART reactors, designed by the Korea Atomic Energy Research Institute, was developed to target the Middle Eastern countries as it generates electric power and also desalinates sea water.
Under the agreement, the two countries are set to conduct a three-year preliminary study by 2018 to review the feasibility of constructing SMART reactors in Saudi Arabia.
“The agreement is expected to open opportunities for South Korean firms to participate in Saudi Arabia’s nuclear reactor project,” said An Chong-bum, Park’s senior secretary for economic affairs.
With the agreement, the South Korean government expects to win $2 billion worth of nuclear reactor deals in Saudi Arabia and additional orders in the future. If realized, it will be the world’s first case of small- and medium-sized reactors being exported to a foreign country, officials said. The world’s largest producer and exporter of oil plans to build more than 12 18-gigawatt nuclear power plants by 2040 to prepare for growing domestic demand for electricity and to secure new energy sources.
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Tuesday, March 3, 2015
S KOREA TO BUILD THE MIDDLE EAST GULF STATES NUCLEAR ENERGY–AS THE HOUSE OF SAUD TO EXPAND ITS NUCLEAR FROM ZERO TO TWELVE 18 MEGAWATT POWER PLANTS BY 2040 WORTH $2 BILLION–WHAT DO WE GET FROM THE USA A BIG FAT ZERO SINCE THE LIBERAL DEMOCRATS HAVE JUST ABOUT KILLED THE NUCLEAR INDUSTRY BY DRIVING THE FEAR OF HAVING FREE CLEAN CHEAP ENERGY TO THE COMMON POPULACE WILL NOT BENEFIT YOU AND ME SINCE HIGHER COST OF ENERGY IS THE DEMOCRATS TRUE AGENDA TO CONTROL THE FREE US CITIZEN–THE US HAS NOT UPDATED NOR BUILT A NUCLEAR REACTOR SINCE BEFORE 1980–ALTHOUGH THEY PASS TO BUILD MORE NUCLEAR PLANTS–THE REGULATIONS HAS BUT STOPPED CREATION OF AND THE LICENSE TO BUILD THEM FROM THE LAST 10 YEARS AND THE DEMOCRAT POTUS BHO CHAOS AND HARRY REID (D-NV) HAS BECOME THE STONE THAT HAS BLOCKED THIS NATURAL UNIVERSE CREATED ENERGY SINCE TAKING OFFICE
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