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U.S. official says Washington sees scope for nuclear fuel-cycle cooperation with S. Korea

SEOUL, Oct. 29 (Yonhap) -- The United States sees potential for nuclear fuel-cyc...

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South Korean President Lee Jae Myung (L) holds talks with U.S. President Donald Trump during a meeting at a hotel in New York in this Sept. 22, 2026, file photo. (Pool photo) (Yonhap)
South Korean President Lee Jae Myung (L) holds talks with U.S. President Donald Trump during a meeting at a hotel in New York in this Sept. 22, 2026, file photo. (Pool photo) (Yonhap)

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SEOUL, Oct. 29 (Yonhap) -- The United States sees potential for nuclear fuel-cycle cooperation with South Korea, including uranium enrichment and spent fuel reprocessing, a U.S. government official said Thursday.

"I think across the board we have opportunities for collaboration with each country with respect to the enrichment, reprocessing," the official said during a background briefing in Seoul, noting that the two countries had conducted joint fuel-cycle studies over an extended period.

The official said such cooperation would require further discussions under the countries' civil nuclear cooperation agreement, adding that "there are a lot of issues and we still have to work through those issues."

The South Korea-U.S. civil nuclear cooperation agreement, known as the 123 Agreement, provides the legal framework for peaceful nuclear cooperation between the two countries.

Under the current agreement, South Korea needs U.S. consent to enrich uranium and reprocess spent nuclear fuel covered by the pact. Seoul is seeking to revise the agreement to gain greater flexibility to carry out these activities for civilian purposes.

South Korean President Lee Jae Myung (L) holds talks with U.S. President Donald Trump during a meeting at a hotel in New York in this Sept. 22, 2026, file photo. (Pool photo) (Yonhap)

The official highlighted the U.S. goal of quadrupling its nuclear power capacity to 400 gigawatts by 2050 through the deployment of advanced reactors, small modular reactors (SMRs) and large conventional plants, as well as the momentum generated by President Donald Trump's push to expand nuclear energy.

He also noted the U.S. has invested around US$3 billion in uranium enrichment capabilities, including high-assay low-enriched uranium, to secure fuel supplies for advanced reactors both at home and in export markets.

"We do need Korean companies with experience already to help in the process," the official said.

Citing SK Group's investment in TerraPower, which is developing an advanced reactor in Wyoming, the U.S. official said major U.S. energy firm Westinghouse Electric Co. was looking to work with Hyundai Motor Co. and other South Korean firms.

He also said the U.S. encourages South Korean and U.S. companies to cooperate on nuclear projects in third-country markets, citing efforts by Westinghouse and Hyundai to work together on a reactor project in Bulgaria.

"We would like to have Korean companies participate in moving forward the renaissance in the U.S. and around the world," the official added.

SK Innovation Chief Executive Officer (CEO) Choo Hyeong-wook (R) and TerraPower CEO Chris Levesque pose for a photo with a memorandum of agreement at a signing ceremony for key terms of a global joint business agreement between the two companies in Seoul in this Aug. 14, 2026, file photo. In the back row (from L) are TerraPower Chairman Bill Gates, Industry Minister Kim Jung-kwan and SK Group Chairman Chey Tae-won. (Yonhap)

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U.S. official says Washington sees scope for nuclear fuel-cycle cooperation with S. Korea

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