Czech Prime Minister Petr Fiala and South Korean President Yoon Suk Yeol have agreed to strengthen cooperation between their two countries, with a focus on high-speed rail projects and joint research initiatives. Fiala announced the new cooperation on Friday during the state visit of Yoon and other South Korean officials to the Czech Republic.

During their meeting in Prague on September 20, Fiala stated that Korean companies could participate in public-private partnership (PPP) projects, particularly in the construction of high-speed railways and motorways in Czechia. Both leaders emphasized the importance of research collaboration. Fiala mentioned that the two countries should prioritize joint projects in fields such as batteries for electric vehicles, hydrogen technologies, and artificial intelligence.

President Yoon announced that Korea plans to invest $37 million (about CZK 830 million) in joint research over the next ten years. This investment will support research in nuclear fuel, medicine, AI, and other emerging technologies in both countries. Yoon also highlighted the Czech government’s recent decision to involve South Korea’s KHNP in the construction of two new reactors at the Dukovany nuclear power plant as a major opportunity for deepening the partnership.

Source: Expats.cz