Turkish Forum

Category: South Korea

  • Istanbul and South Korea will organize “World Culture EXPO” in 2013

    Istanbul and South Korea will organize “World Culture EXPO” in 2013

    Both Istanbul and Gyeongsangbuk-do, a province of South Korea signed a “Goodwill Agreement”, which includes cooperation in the cultural field in Istanbul. As part of the agreement, both cities will organize “World Culture EXPO” in 2013.

    Haber Tarihi : 12/3/2010 12:00:00 AM

    Both Istanbul and Gyeongsangbuk-do, a province of the South Korea signed a “Goodwill Agreement”, which includes cooperation in the cultural field in Istanbul. As part of the agreement, both cities will organize “World Culture EXPO” in 2013.

    Both Istanbul and Gyeongsangbuk-do, a province of the South Korea signed a goodwill agreement including cooperation in the cultural field in order to bolster mutual understanding between the two countries. Mr. Ahmet Selamet, the first Deputy Mayor of the Istanbul and Mr. Kong Weon Sik, the deputy governor of Gyeongsangbuk-do  province signed the goodwill agreement at the Saraçhane Municipal Office.

    Mr. Numan Güzey, the head of Culture and Social Affairs Department, Mr. Jong Kyoung Hong, the consul general of the South Korea in Istanbul and  Mr. Sang Jim Kim, the president of  the Turkish- S.Korean Friendship and Cooperation Association attended in the signing ceremony.

    Speaking at the ceremony, Mr. Ahmet Selamet, the first Deputy Mayor of the Istanbul, specified that they had historical and cultural ties with the South Korea and he said: “Both Istanbul and Gyeongsangbuk-do will organize the  “World Culture EXPO” in 2013 together and I hope that they would succeed. We are delighted to welcome the delegation of dear governor in Istanbul and look forward to developing new areas for cooperation.”

    On behalf of Gyeongsangbuk-do, a province of the South Korea, Mr. Kong Weon Sik, the deputy governor stated that the South Korean people owed a debt of gratitude to the Turkish people for the brave heroism and brotherhood shown during the Korean War, he continued: “We wanted to improve the further development of bilateral relations between two cities Gyeongsangbuk-do and Istanbul.”

    After the ceremony, Mr. Ahmet Selamet and Mr. Kong Weon Sik, signed the “Goodwill Agreement” which includes cooperation in the cultural field and to organize “World Culture EXPO” in 2013 on December 2nd, 2010.

    via İstanbul Büyükşehir Belediyesi.

  • Turkey Strengthens Nuclear Cooperation with Russia

    Turkey Strengthens Nuclear Cooperation with Russia

    Turkey Strengthens Nuclear Cooperation with Russia

    Publication: Eurasia Daily Monitor Volume: 7 Issue: 213

    November 30, 2010

    By: Saban Kardas

    Turkish Energy Minister, Taner Yildiz, welcomed the recent progress in Turkey’s first nuclear power plant project that will be built by Russia and underscored Ankara’s determination to develop nuclear energy through foreign partnerships. Yildiz told reporters that Russian President, Dmitry Medvedev, signed the inter-governmental agreement, which was recently ratified by both houses of the Russian parliament (Anadolu Ajansi, November 29).

    After various futile efforts to issue a license for the construction of the country’s first nuclear plant in Akkuyu-Mersin on the Mediterranean coast through competitive bidding, Ankara opted for a more controversial method. Instead of an open tender, Turkey pursued a bilateral cooperation route and signed an inter-governmental agreement with Russia in May during Medvedev’s visit to Turkey (EDM, May 20). Under this agreement, Rosatom will build, own and operate the Akkuyu-Mersin plant comprising four 1,200 mega watt (MW) units. Rosatom will also raise the finances for the project and will posses 100 percent equity in the $20 billion project company undertaking the construction and operation of the plant. In the long-term, the Russian side will likely retain at least 51 percent of the company. A Turkish firm, Park Teknik, and the Turkish state electricity generation company –EUAS– may take significant shares in the project, while the state company will provide the site, and the state electricity distribution company, TETAS, will buy a designated proportion of the electricity generated at a fixed price of $12.35 (www.worldnuclear.org, November 29).

    Through the completion of this project and other subsequent nuclear plants, the Turkish government hopes to bolster Turkey’s energy interdependence. In the new energy strategy document published in April, Turkey vowed to reduce its heavy dependence on imported fossil fuels, through greater utilization of Turkey’s renewable resources and nuclear energy. The construction of the first plant is expected to begin by 2014 and 5 percent of Turkey’s total electricity consumption will come from nuclear plants by 2023 (EDM, April 29).

    Eager to see the construction work start, the Turkish government finalized the ratification process for the inter-governmental agreement this summer. However, the debates in the Turkish parliament reflect how the government’s energy policies and nuclear policy continue to evoke criticism from opposition parties. Representatives from the main opposition Republican People’s Party (CHP), junior opposition Nationalist Action Party and the pro-Kurdish Peace and Democracy Party criticized the government for failing to protect Turkish interests. Overall, they maintained that under the current agreement, Turkey would be unable to receive nuclear technology transfers and will remain a sole consumer of “Russian” electricity produced on Turkish soil. CHP representatives went as far as accusing the government of “betraying the country and insulting the Turkish nation… [succumbing to Russian plans]” (Anadolu Ajansi, July 15). Thanks to its majority, the government managed to secure the ratification of the agreement in parliament.

    Speaking of Medvedev’s approval of the agreement, Yildiz noted that it will accelerate the work on the project. Yildiz expects to meet Russian Deputy Prime Minister, Igor Sechin, in Istanbul in mid-December to discuss the details related to forming the project company. Once those issues are resolved, Yildiz expects the project to proceed at a much smoother pace and overcome licensing issues, and obtain permission for the construction to commence (Cihan, November 29).

    Ankara believes that from its partnership with Moscow, it will also receive help in developing its own nuclear technological know-how and infrastructure. Unlike its critics, the government believes that foreign partnerships will not hinder this objective. For instance, responding to questions in parliament, Yildiz referred to the experience of South Korea, noting that while that country relied upon imports to start building its nuclear plants in the 1970’s, it is now one of the countries which has developed its own nuclear technology.

    Perhaps, in appreciation of the South Korean success story, Ankara held talks with the South Korean Electric Power Corporation (KEPCO) over the construction of the second plant in the Black Sea coastal city of Sinop. This coincided with South Korea’s new strategy of expansion in a bid to construct nuclear plants overseas (EDM, March 24). After an optimistic start, marked by various bilateral meetings and an exchange of high level visits, it was revealed that due to conflict over prices, state purchase guarantees and the share of state ownership in the nuclear plant, the talks had broken down. Yildiz argued that Turkey had a “plan B” if it proved unable to reach an agreement with South Korea and it will remain committed to its objective of having two plants by 2023 (www.usak.org.tr, Today’s Zaman, November 10). Quite expectedly, it was announced during Prime Minister, Recep Tayyip Erdogan’s, visit to South Korea that the talks came to an inconclusive end (Anadolu Ajansi, November 13).

    After the failure of the talks with South Korea, Yildiz said that Turkey would continue its quest for a second agreement. Yildiz also ruled out the possibility that Ankara may grant the second site to Moscow. “Neither Russia, nor Turkey are considering [a second agreement],” Yildiz said. Yildiz announced that the Japanese Toshiba would be invited to Turkey for negotiations on the planned construction of the second plant. Although Tokyo has wanted to enter into such talks with Ankara for some time, the Turkish government has avoided this, “out of courtesy for the ongoing talks with South Korea,” as Yildiz put it (Anadolu Ajansi, November 15, November 25).

    Nonetheless, it is instructive to note that, although no official contact with Japan on nuclear cooperation had taken place, the Turkish energy ministry and the Japanese New Energy and Industrial Technology Development Organization signed a letter of intent to cooperate on clean energy, energy productivity and the use of renewable energy in Ankara (Anadolu Ajansi, November 9). Therefore, the “plan B”’ Yildiz referred to was evidently the Japanese option. Turkey seems determined to consider seriously the diversification of its nuclear partnerships, by exploring, and perhaps pitting against each other, all options on the table.

    https://jamestown.org/program/turkey-strengthens-nuclear-cooperation-with-russia/

  • S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG

    S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG

    SEOUL, Nov 16, 2010 (AsiaPulse via COMTEX) —

    South Korea’s plan to export nuclear reactors to Turkey has hit a stumbling block as both sides failed to conclude an agreement due to differences over the proper level of power prices.

    Sources at the Ministry of Knowledge Economy and state-run Korea Electric Power Corp. (KEPCO) said Monday that the conclusion of the deal has been delayed after marathon discussions failed to find middle ground on how to establish fair electricity prices.

    After starting negotiations early this year, the two sides wanted to sign the intergovernmental agreement (IGA) to build the Sinop atomic power plant on the Black Sea coast during last week’s G-20 summit held in Seoul. However, they only reached an understanding to pursue more negotiations as soon as possible to iron out outstanding differences.

    The Sinop project involves the building of four 1,400-megawatt reactors at a cost of around US$20 billion. South Korea has proposed using its APR-1400 reactors that will be used for a nuclear power plant in the United Arab Emirates (UAE).

    Moon Jae-do, head of the ministry’s resources development office, said there were lingering differences on how to ensure an adequate return on investment over an extended period of time.

    “The deal with Turkey involves KEPCO and its Turkish partner setting up a joint company to arrange financing, construction and sharing of earnings through a power purchase agreement once the reactors are built,” he said. Seoul and Turkey could foot up to 30 percent of the cost with international project financing to pay for the rest.

    Without going into details, the official said the two sides have not been able to see eye-to-eye on how to calculate earnings, although Turkey is carefully examining a undisclosed “improved” proposal forwarded by Seoul to break the impasse.

    In addition, Seoul has said that the Turkish government must be the largest shareholder in the company.

    Other government officials said Seoul “naturally” wants to receive more for electricity produced since large sums of money have to go into the construction, while Turkey wants to keep prices low to benefit its users.

    “For Seoul, there is a critical need to show the public and parliament that the deal is commercially viable and would not become a burden on state-run KEPCO down the road,” said an official who declined to be identified.

    He added that despite the inability to sign the IGA deal during summit talks held on Saturday between South Korean President Lee Myung-bak and Prime Minister Recep Tayyip Erdogan, this setback does not mean Seoul has lost the bid altogether.

    The official pointed out that the two sides have engaged in long-drawn talks since March and pledged to carry out related cooperative efforts.

    “Even under the initial plan, a formal deal is scheduled to be signed in the first half of 2011, with more detailed plans to be set in the second half of the year,” he said, hinting that there is no real need to rush this matter. This blueprint calls for actual construction of the first Turkish reactor to begin around 2012.

    Related to lack of headway, Turkey’s media reported that Ankara’s energy minister has invited Japanese industrial giant Toshiba for talks on building the Sinop plants.

    It said Turkish Energy Minister Taner Yildiz wanted to engage in speedy negotiation processes with other countries that may be interested in the nuclear power plant deal. He said U.S. and European companies may be considered so the country can have at least two nuclear power plants in operation by 2023.

    Local market experts, meanwhile, said the failure to sign the IGA over the weekend would not have any effect on local industries.

    “There were some differences on power purchasing prices and what to do if there is an emergency situation, but this is not seen as a complete failure since the countries have already made considerable headway on related research and development,” said Jeong Min-kyu, an analyst at IBK Investment and Securities.

    Although the setback may raise concerns that KEPCO and related companies may lose the deal, it is still more likely that South Korean businesses will nab the deal compared to foreign rivals, he said.

    The expert added that speculation that Lithuania, Finland and Malaysia are interested in South Korean reactors is good news for the industry as a whole.

    If Seoul signs the Turkish deal, it will be the second export contract following the UAE deal reached in late 2009.

    South Korea, with 20 commercial reactors in operation, is the world’s fifth-largest producer of nuclear-based electricity in the world. The country plans to build eight more reactors by 2017 with one to go on line next month.

    (Yonhap) cg

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    via S. KOREA’S REACTOR DEAL WITH TURKEY HITS SNAG | TradingMarkets.com.

  • Turkey courts Japan after failure of nuclear talks with South Korea

    Turkey courts Japan after failure of nuclear talks with South Korea

    Istanbul – Turkey is seeking a new partner in the construction of a nuclear power plant on the Black Sea coast after talks with South Korea broke down, Turkey’s Energy Minister Taner Yildiz said Monday.

    Turkey was now looking to start talks with Japan after balking at the conditions set out by South Korea for the construction of the plant, Anadolu news agency quoted Yildiz as saying.

    The talks had stumbled on several issues – not only price, she was further quoted as saying.

    Turkey plans to build two nuclear power plants to meet its soaring energy needs.

    The plant that was discussed with South Korea – the second in the pipeline – is to be built near Sinop on the Black Sea coast by 2023.

    Russian firms won the contract to build the country’s first nuclear plant at Akkuyu on the Mediterranean Sea.

    That project, which will consist of four reactors with a total capacity of 4,800 megawatts, is estimated to cost 15 billion euros (20.5 billion dollars) and be completed by 2020.

    The plant has caused controversy, partly because it would be situated in an area prone to earthquakes, but also because Turkey’s plans for the disposal of nuclear waste from the plant are sketchy.

    via Turkey courts Japan after failure of nuclear talks with South Korea – Monsters and Critics.

  • Korea-Turkey nuclear plant talks hit snag

    Korea-Turkey nuclear plant talks hit snag

    By Kim Tong-hyung

    Turkey will start talks with Japanese industrial giant Toshiba over its plans to build a nuclear power plant on its Black Sea coast after negotiations with South Korea hit a snag over money.

    Korea’s state-run Korea Electric Power Corp. had reached a preliminary agreement with Turkish state power company EUAS in March to jointly bid for the contract to build the northern Turkey power plant, which is to be completed by 2019 and estimated to be worth about $20 billion.

    However, the conflict over the plant’s price tag appears to be a significant issue, with Korean President Lee Myung-bak and Turkish Prime Minister Recep Tayyip Erdogan ending their summit in Seoul Saturday without a deal in place.

    Although the Ministry of Knowledge Economy insists that the pause in the talks is just a speed bump and says that the talks will resume as soon as possible. However, Turkish Energy Minister Taner Yildiz commenting about inviting Toshiba to the picture shows that the country is open about exploring other options, which would give them better leverage in the talks with Korea at the least.

    Yildiz said the talks with Korea had snagged on issues concerning financial terms, treasury guarantees and the distribution of shares in the planned company that would build and operate the plant.

    “Turkey has agreed to consider some additional and renewed offers presented by us in the recent negotiations. We believe that the negotiations will resume quickly and the countries will be inking a deal soon enough,’’ said an official from the ministry’s nuclear-energy development division.

    “The contract has to include financial terms related to the plant construction as well as electricity sales price.’’

    Korea has been accelerating its attempt to strengthen its position in an expanding market for nuclear-plant construction and operation. The country currently has 20 nuclear-power plants, which provide around 40 percent of the country’s electricity needs.

    In December last year, a team of Korean firms won an $18.6 billion project to build four power-generating nuclear reactors in the United Arab Emirates, beating out rival candidates from the United States and France.

    Korea aims to secure $400 billion of contracts by 2030 as demand for nuclear plants increases. Potential deals are expected in India, Malaysia, Thailand, South Africa and Saudi Arabia.

    thkim@koreatimes.co.kr

  • Talks Between Turkey & S. Korea On Nuclear Power Plant Fail

    Talks Between Turkey & S. Korea On Nuclear Power Plant Fail

    yildizTalks that were carried out in Seoul on construction of a nuclear power plant in Turkey failed.

    Energy and Natural Resources Minister Taner Yildiz said, “We can’t reach a consensus with South Korea. Talks with Japan will begin at the end of the Sacrifice Feast.”

    Replying questions of reporters, Yildiz said both Turkey and South Korea share the same determination and intention regarding the construction of a nuclear power plant in Turkey but the points of disagreement could not be overcome.

    Yildiz said, “Some new reformative conditions had been offered. And, we declared reconsideration. However, we will start to hold talks with other countries. We need a quick negotiation process.”

    Taner Yildiz said their decision to build a nuclear power plant in Turkey has remained same.

    TRT World