South Korea and Türkiye sign a nuclear project financing memorandum as Korea eyes the Sinop plant

3 November 2026

President Lee Jae Myung hosted Turkish President Recep Tayyip Erdogan for a summit at Cheong Wa Dae in Seoul.
It was Erdogan's first state visit to South Korea in eight years.
The two sides signed a memorandum on nuclear project financing to back Korean firms in Türkiye's new nuclear power projects.
Korea Electric Power Corporation (KEPCO) is seeking a role in the planned Sinop plant on Türkiye's Black Sea coast, which would be the country's second nuclear power plant.
The leaders also agreed to widen cooperation in defence manufacturing and infrastructure.
Lee recalled that Turkish troops fought beside South Korean forces in the 1950–53 Korean War.
The two countries also agreed to work together in forums such as MIKTA, an informal group of Mexico, Indonesia, Korea, Türkiye and Australia.