NECSA SIGNING MoU WITH KOREA ATOMIC ENERGY RESEARCH INSTITUTE (KAERI)

Date: 14 October 2021

The South African Nuclear Energy Corporation (Necsa) signed a Memorandum of Understanding (MoU) for Technical Corporation with the Korea Atomic Energy Research institute (KAERI) on 13 October 2021. The main areas of the MoU will open doors for expansion of trade relations for mutual benefit in areas such as: nuclear technology, medical isotopes production, fluorine based chemicals as well as Human Resource management.

The virtual signing ceremony was led by the Necsa Group CEO Mr Loyiso Tyabashe as well as KAERI President, Mr Won-Soek Park. The SA Ambassador to Korea, Ms Zenani Dlamini, as well as HE Mr. Chull-joo Park, the Korean Ambassador to SA, were present at the ceremony as they play a critical role in ensuring that the agreement between the two companies becomes a success. This MOU has come into effect upon the date of the final signature (13 October 2021) and will continue to have effect for five years.

The cooperation relating to agreed topics include the exchange of information, visits to facilities and joint research and development on key projects. The agreement will also allow KAERI and Necsa to identify opportunities as they emerge. Collaboration on Zirconium-89 based radiopharmaceuticals for early detection of cancer is foreseen.

This is a step to the right direction as far as Necsa’s vision of becoming a renowned Research and Nuclear institution in Africa and around the globe. Mr Loyiso Tyabashe, Necsa Group Chief Executive said “Nuclear technology is essential to human life and, through this MOU, we are making this a global reality.”

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Issued by: The Group South African Nuclear Energy Corporation (Group Necsa)

FOR FURTHER INFORMATION CONTACT:

GM: Corporate Communication & Stakeholder Relations: Ms Nikelwa Tengimfene

Cell: 0662934451

E-mail: nikelwa.tengimfene@necsa.co.za

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