Erdogan: South Korea May Join Development of Sinop Nuclear Power Plant in Turkey

Turkish President Recep Tayyip Erdogan revealed in an interview with Yonhap News Agency, published on Monday, that South Korea may become a partner in developing the "Sinop" nuclear power plant planned for construction in Turkey.

Erdogan said that Turkey is examining the technical and economic conditions of the Black Sea project with the state-owned Korea Electric Power Corporation.

He added that Ankara will consider financing, electricity costs, and benefits to the Turkish economy before selecting a partner.

Erdogan is scheduled to arrive in Seoul today, Monday, for a three-day state visit, his first to South Korea since 2018.

The presidential office in Seoul announced that he will hold a summit with South Korean President Lee Jae-myung on Tuesday.

In his interview with Yonhap, Erdogan also mentioned defense, semiconductors, artificial intelligence, and robotics as potential areas for cooperation, calling for increased South Korean investments and joint production in Turkey.

He stated that both countries are working toward achieving a bilateral trade target of $15 billion, while simultaneously urging efforts to address the trade imbalance favoring South Korea.

The Turkish president invited South Korean companies to participate in Turkish transport and logistics projects connecting Asia and Europe.