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Korea Exim News

Korea Eximbank discussed Financial Cooperation with NuScale Power

Date 2022.05.02 View 12471


□ The Export-Import Bank of Korea (, Chairman Bang Moon-kyu, “Korea Eximbank“) announced on the 26th that it has discussed ways to cooperate with NuScale Power, a leading company in the U.S. Small Modular Reactor (SMR).


  * First design certification in 2020 from the U.S. Nuclear Regulatory Commission (NRC), the world's highest authority on nuclear power.


□ On the afternoon of the 25th, Chairman Bang Moon-kyu met with the executives of NuScale Power, who visited the Korea Eximbank to discuss financial support for the small module reactor demonstration project currently underway in Idaho.


 ㅇ At the meeting, Chairman Bang also discussed financial support measures necessary for domestic related companies to jointly enter third countries with NuScale Power.


□ A small module reactor has a power generation capacity of 300 MW, which can be produced and assembled in a factory.

 ㅇ It can also be used for hydrogen production and seawater desalination in the future.