The U.S. departments of Energy and State have signed a memorandum of understanding with the Republic of Korea’s ministries of Trade, Industry and Energy and of Foreign Affairs for the two nations to partner on nuclear exports and cooperation.

The government of the Republic of Korea and the country’s industrial sector are teaming up to promote the development of small modular reactors. At a launch ceremony for the SMR Alliance, held July 4, the participants announced strategic plans and signed business agreements.