South Korea and Turkey signed an agreement on Tuesday to explore financing for Turkish energy projects, as Seoul seeks a role in building the country’s planned second nuclear plant at Sinop on the Black Sea coast. The memorandum of understanding was signed by the Export-Import Bank of Korea and Turkey Nuclear Energy Inc following talks between South Korean President Lee Jae Myung and Turkish President Recep Tayyip Erdoğan in Seoul. The two organisations will examine possible funding arrangements and set up a working group to exchange information, Turkey’s energy ministry said. Its announcement did not specify a funding amount.
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