The Dutch government plans to build one new nuclear plant by 2035 and is considering another. The announcement comes as part of a state visit by South Korean President Yoon Suk Yeol.
South Korea’s industry ministry said it had signed a Memorandum of Understanding with the Dutch Economic Affairs ministry to support the new plant order.
The two countries plan to cooperate on "nuclear power plant construction and operation, supply of equipment, technology development, such as small modular reactors" as well as safety and education, the Korean ministry said.
Earlier in Yoon's visit, the first state visit to the Netherlands by a South Korean President since 1961, the two governments signed agreements to improve trade relations with a focus on the semiconductor industry and supply chains.
Dutch computer chip tool maker ASML (ASML.AS) said it would build a new billion won ($758 million) research and development facility in Korea together with Samsung Electronics (005930.KS), one of its biggest customers.
