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Lloyd's Register director says South Korea is a possible investor in Britain's nuclear industry

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November 18
3:11 AM 2013

South Korea was reported to be the next country that could possibly invest in the British nuclear industry. This was according to a report published by The Guardian.

The news could stir controversy between the UK and South Korea. A fake safety certificate scandal had hit the South Korean atomic industry recently. However, the two nations have promised to work towards the restoration of South Korea's credibility in the nuclear sector. Korea Hydro & Nuclear Power Company hired Lloyd's Register to provide risk management services for South Korea, said the report. 

Richard Clegg, Lloyd's Register managing director, said: "Discussions are ongoing and I would not be surprised to see, in a year or so's time, the Koreans taking an equity investment in the UK market."

UK prime minister David Cameron met with South Korean president Park Geun-Hye two weeks ago. The two leaders discussed strategies for tackling nuclear threats in North Korea. They also vowed to increase commercial links between the two countries in every sector including nuclear power, The Guardian reported.

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