Win Hee-ryong “Sen, joint development and production of weapons, presented to Saudi Arabia… Saudi Arabia calls for a nuclear power plant

revealed at the press conference

Bin Salman’s strong commitment to cooperation in the nuclear and defense sectors
“Saudi Arabia, very ready to cooperate with us”
“Some trillion units of orders and MoUs will be fulfilled in January and February”

Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman shake hands with President Yoon Seok-yeol before leaving after a friendly lunch meeting and schedule at the presidential residence Hannam-dong, Yongsan, Seoul on the 17th. 2022.11.17 Provided by the Office of the President” style=”padding: 0px;margin:0px”>

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▲ Crown Prince Mohammed bin Salman of Saudi Arabia leaves his official residence in Hannam-dong
Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman shake hands with President Yoon Seok-yeol before leaving after a friendly lunch meeting and schedule at the presidential residence Hannam-dong, Yongsan, Seoul on the 17th. 2022.11.17 Provided by the Office of the President

Minister of Land, Infrastructure and Transport Won Hee-ryong announced that the “big hand” of Saudi Arabia and the influential Crown Prince, Mohammed bin Salman, who recently visited Korea, showed a strong will to cooperate in the fields of nuclear energy production and defense in as well as construction.

In a meeting with reporters on the 21st, Minister Won said, “Building infrastructure is fundamental, and what Saudi Arabia also wants is the defense industry.” he said.

Minister Won said, “The concept proposed by President Yoon Seok-yeol is a combination of weapon system levels of joint development and joint production.”

In the case of a nuclear power plant, Minister Won said that Saudi Arabia is actively asking for it.

Minister of Land, Infrastructure and Transport Won Hee-ryong held a meeting with reporters at the Sejong Government Complex in Sejong City on the afternoon of the 21st and explained the key issues at hand, including the achievements of Crown Prince bin Salman of Saudi Arabia in Korea. 2022.11.21 News 1″ style=”padding: 0px; margin: 0px”>Minister of Land, Infrastructure and Transport Won Hee-ryong explained the achievements of Crown Prince Bin Salman of Saudi Arabia's visit to Korea, Minister of Land, Infrastructure and Transport Won Hee-ryong held a meeting with reporters at the Sejong Government Center in Sejong City on the afternoon of the 21st and explains the achievements of Crown Prince bin Salman of Saudi Arabia's visit to Korea and other major issues in progress.  2022.11.21 News 1

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▲ Land, Infrastructure and Transport Minister Won Hee-ryong explained the results of Saudi Crown Prince bin Salman’s visit to Korea
Minister of Land, Infrastructure and Transport Won Hee-ryong held a meeting with reporters at the Sejong Government Complex in Sejong City on the afternoon of the 21st and explained the key issues at hand, including the achievements of Crown Prince bin Salman of Saudi Arabia in Korea. 2022.11.21 News 1

Saudi Arabia, which is promoting the construction of the second nuclear power plant, plans to receive letters of intent from all countries next month. Before this, he sent requests for participation in proposals to build nuclear power stations to Korea, Russia, France and China to hear their intentions to build them.

Minister Won said, “There are issues that need to be resolved because international organizations and the United States’ position that Saudi Arabia’s nuclear power plants should reflect the fact that nuclear weapons do not proliferate.”

Regarding orders such as construction and infrastructure, he predicted, “At the earliest, in December or January or February, multi-trillion orders will be won or agreements greater than a business agreement (MOU) will be made.”

As for Indonesia, which he visited on the occasion of the G20 summit last week, he explained that in addition to the construction of the Jakarta 4 heavy rail line, bold follow-up work will continue to emerge, including the necessary cooperation of housing and transport systems for the relocation of the capital to Borneo.

Shinhanul Korea Hydro & Nuclear Power Units 1 (left) and 2 units in Uljin, North Gyeongsang Province, which has the Korean APR1400 nuclear power plant.  Provided by Korea Hydro & Nuclear Power

▲ Shinhanul Korea Hydro & Nuclear Power Units 1 (left) and 2 units in Uljin, Gyeongsangbuk-do, with Korean APR1400 nuclear power equipment. Provided by Korea Hydro & Nuclear Power

Minister of Land, Infrastructure and Transport Won Hee-ryong attends a press conference and speaks at the Ministry of Land, Infrastructure and Transport at the Sejong Government Complex on the 21st at the Ministry of Land, Infrastructure and Transport regarding major issues which is in progress such as the performance Crown Prince Mohammed bin Salman of Saudi Arabia in his visit to Korea. 2022.11.21 Yonhap News” style=”padding: 0px;margin: 0px”>Minister of Land, Infrastructure and Transport Won Hee-ryong Press Conference Minister of Land, Infrastructure and Transport Won Hee-ryong speaking at a press conference on the 21st at the Ministry of Land, Infrastructure and Transport in Complex the Sejong Government on major issues in progress such as the performance of Crown Prince Muhammad bin Salman of Saudi Arabia in Korea.  2022.11.21 Yonhap News

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▲ Press Conference with Won Hee-ryong, Minister of Land, Infrastructure and Transport
Minister of Land, Infrastructure and Transport Won Hee-ryong attends a press conference and speaks at the Ministry of Land, Infrastructure and Transport at the Sejong Government Complex on the 21st at the Ministry of Land, Infrastructure and Transport regarding major issues which is in progress such as the performance Crown Prince Mohammed bin Salman of Saudi Arabia in his visit to Korea. 2022.11.21 Yonhap News

“I will reduce the real estate tax to the level of 2020”

Meanwhile, Minister Won announced in a meeting that day that he would return the real estate tax burden to at least the 2020 level. To this end, it was announced that next year’s public price realization rate (ratio of public price to market price) would be lower than this year. It is a decision based on the fact that the number of people subject to comprehensive real estate tax is increasing even though the actual transaction price is lower than the official price due to the fall in house prices.

Minister Won said, “President Yoon and the government’s promise to the public is to normalize the public burden on real estate, such as taxes, to at least the 2020 level.” We are reviewing it,” he said.

He continued, “The decline in real estate prices has been so rapid in such a short period of time.” We are discussing with the Ministry of Strategy and Finance so that the public can feel this clearly.” A line was drawn on further relaxing the loan regulations, such as interim payments.

Minister of Land, Infrastructure and Transport Won Hee-ryong attends a press conference and speaks at the Ministry of Land, Infrastructure and Transport at the Sejong Government Complex on the 21st at the Ministry of Land, Infrastructure and Transport regarding major issues which is in progress such as the performance Crown Prince Mohammed bin Salman of Saudi Arabia in his visit to Korea. 2022.11.21 Yonhap News” style=”padding: 0px;margin: 0px”>Minister of Land, Infrastructure and Transport Won Hee-ryong Press Conference Minister of Land, Infrastructure and Transport Won Hee-ryong speaking at a press conference on the 21st at the Ministry of Land, Infrastructure and Transport in Complex the Sejong Government on major issues in progress such as the performance of Crown Prince Muhammad bin Salman of Saudi Arabia in Korea.  2022.11.21 Yonhap News

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▲ Press Conference with Won Hee-ryong, Minister of Land, Infrastructure and Transport
Minister of Land, Infrastructure and Transport Won Hee-ryong attends a press conference and speaks at the Ministry of Land, Infrastructure and Transport at the Sejong Government Complex on the 21st at the Ministry of Land, Infrastructure and Transport regarding key issues which is in progress such as the performance Crown Prince Mohammed bin Salman of Saudi Arabia in his visit to Korea. 2022.11.21 Yonhap News

Reporter Sejong Kang Ju-ri

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