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US, South Korea extend nuclear agreement for two years, defer decision on reprocessing fuel

Washington, Apr. 25 (ANI): The United States and South Korea have extended their current civilian nuclear agreement by two years.

The countries are also postponing a contentious decision on whether Seoul will be allowed to reprocess spent fuel as it seeks to expand its atomic energy industry.

According to Fox News, the announcement is a setback to South Korea’s new leader, Park Geun-hye, who had made revision of the 39-year-old treaty one of her top election pledges.

It will however alleviate a potential disagreement between the allies when Park will visit Washington in two weeks to meet President Barack Obama.

State Department spokesman Patrick Ventrell said the extension will provide more time for the two governments to complete the complex negotiations on a successor agreement that will recommence in June, the report said.

South Korea is the world’s fifth-largest nuclear energy producer and is planning to expand domestic use of nuclear power and exports of nuclear reactors, the report added. (ANI)