South Korea says $10 billion US nuclear project remittance requires a full feasibility review
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- ✓South Korea Finance Minister Lee Hyoung-il said on Monday that a $10 billion advance remittance for a US nuclear project needs a full feasibility review.
- ✓The government plans to check business details carefully before moving ahead.
- ✓Officials also said they would review potential investments in the Alaska LNG project soon.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
SEOUL, Nov 9 (Reuters) - South Korea Finance Minister Lee Hyoung-il said on Monday that a planned $10 billion advance remittance for a US nuclear power project as part of the country's investment package would only proceed after a full review of its business feasibility.
Lee told a parliamentary budget committee that the remittance plan remained at a preliminary stage and would be reviewed carefully.
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Industry Vice Minister Park Dong-il also said the government would also closely review any potential investment in the Alaska LNG project, adding that no investment decision had yet been finalized.
Reporting by Kyu-seok Shim Editing by Ed Davies
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