South Korea demands feasibility review for $10bn US nuclear plan

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ExpandSouth Korea’s finance minister Lee Hyoung-il announced that a $10bn remittance for a US nuclear power project will proceed only after a thorough feasibility review. Picture: Reuters/South Korea ministry of economy and finance South Korea finance minister Lee Hyoung-il said on Monday that a planned $10bn (R164.74bn) advance remittance for a US nuclear power project as part of the country’s investment package would only proceed after a full review of its business feasibility.

Lee told a parliamentary budget committee that the remittance plan remained at a preliminary stage and would be reviewed carefully.

Industry vice-minister Park Dong-il also said the government would closely review any potential investment in the Alaska LNG project, adding that no investment decision had yet been finalised.

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