Türkiye regulations · 4 November 2026
Türkiye and South Korea sign three memoranda on energy, critical minerals and nuclear financing
Three signed memoranda cover clean energy technologies, critical minerals and potential financing for nuclear projects. An annual forum and a financing working group will support cooperation.
Türkiye and South Korea have signed three memoranda of understanding expanding cooperation in energy and mining. According to the Turkish Ministry of Energy and Natural Resources’ announcement dated 3 November 2026, the documents address energy technologies, natural resources and potential financing for nuclear power projects. They were signed following talks during President Recep Tayyip Erdoğan’s visit to South Korea. [Source](https://enerji.gov.tr/haber-detay?id=31959)
Clean energy and technology sharing
Energy Minister Alparslan Bayraktar and Korean Climate, Energy and Environment Minister Sungwhan KIM signed the memorandum on strengthening energy cooperation. Its scope includes clean energy policies, carbon emissions reduction, nuclear energy and nuclear power plant construction projects. Renewable energy, hydrogen, energy efficiency, smart grids and new energy technologies are also covered. The ministry presents the agreements as supporting stronger energy supply security and faster technology transfer between the two countries. Source
Official source: Ministry of Energy and Natural Resources ↗Annual forum to monitor implementation
A Türkiye-Korea Energy Transition Forum will be established to follow implementation of the energy memorandum and maintain an ongoing dialogue. It is intended to meet once a year, alternating between Türkiye and South Korea. Nuclear power plant investments, technology integration, financing models and joint venture opportunities will form its agenda. The ministry describes the forum as the highest-level executive mechanism for this cooperation. Bayraktar said it would closely track how joint work translates into implementation while maintaining high-level dialogue. Source
Official source: Ministry of Energy and Natural Resources ↗Critical minerals processing and recycling
The mining memorandum, signed by Bayraktar and Korean Trade, Industry and Resources Minister Jung-Kwan KIM, aims to expand bilateral natural resources cooperation. Rare earth elements, critical minerals and magnets are prominent areas. The document covers mineral identification, processing, refining and recycling, alongside related joint research and development projects. The countries will also exchange experience in autonomous mining, artificial intelligence integration and environmentally friendly mining practices. The ministry links this framework to the objective of increasing value-added production in mining. Source
Official source: Ministry of Energy and Natural Resources ↗Framework for potential nuclear financing
The third memorandum was signed between Türkiye Nuclear Energy Inc. (TÜNAŞ) and the Export-Import Bank of Korea (KEXIM). It establishes a cooperation framework for evaluating potential financing solutions for nuclear power plant projects developed by TÜNAŞ. The parties will cooperate on financial modelling, analysis and financing structures. A working group will support regular information exchanges and explore possible future cooperation. The announcement does not specify a committed loan amount or financing allocation; it describes this element as an assessment of potential financing opportunities. Source
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