Korea to work with UAE in tapping into other nuclear energy marketsUpdated: 2014-05-28 13:56:40 (KST)
Korea and the United Arab Emirates will work together in tapping into other nuclear energy markets -- mostly Middle Eastern and Afircan countries including Saudi Arabia.
Korea's trade minister Yoon Sang-jick said Tuesday the two countries are not far away from signing a memorandum of understanding on the issue.
Yoon added the leaders of Seoul and Abu Dhabi reached an agreement in principle during President Park Geun-hye's recent trip to the region where Korea's technology is being used to build nuclear power plants.
Korea will also likely be able to seal the deal on becoming the main operator for the next six decades of the nuclear reactors in the UAE currently under construction.
The contract will likely be worth some 20 billion U.S. dollars.
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Could be big.