SpaceWar.com reports: “South Korea will ‘move forward’ with the United States in building nuclear-powered submarines, President Lee Jae Myung said Friday, after a long-awaited security and trade agreement was finalised.
Analysts say developing the atomic-powered vessels would mark a significant leap in Seoul’s naval and defence industrial base, allowing it to join a select group of countries with such vessels.
‘One of the greatest variables for our economy and security — the bilateral negotiations on trade, tariffs and security — has been finalised,’ Lee told a news conference, adding the two countries had agreed to ‘move forward with building nuclear-powered submarines’.
Seoul had secured ‘support for expanding our authority over uranium enrichment and spent-fuel reprocessing’, he said.
A joint fact sheet outlining the deal said both sides would ‘collaborate further through a shipbuilding working group’ to ‘increase the number of US commercial ships and combat-ready US military vessels’.
Beijing, on Thursday, voiced caution over a Washington-Seoul deal on nuclear submarine technology…”
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