President Yoon Suk Yeol said Thursday South Korea and the Czech Republic will collaborate on the design and construction of nuclear reactors if the Central European country picks a Korean consortium as the final winner for a nuclear power plant.

Rolls-Royce is one of five companies still involved in a government-run competition to win government support to build small-modular reactors in the UK. Rolls-Royce is competing alongside GE-Hitachi, Holtec, Nu-Scale, and Westinghouse Electric.

The Czech Republic has chosen UK firm Rolls-Royce SMR after assessing seven potential technology suppliers for its proposed small modular reactor programme.

South Korean President Yoon Suk Yeol has said that his country and the Czech Republic will collaborate on the design and <a tar

By Albin Sybera CEZ, the Czech Republic's state-controlled energy group, has chosen the UK's Rolls Royce as its partner to develop small modular reactors (SMRs). The decision is a blow to rival bidders Westinghouse and GE Hitachi of the US.

Rolls-Royce (OTCPK:RYCEY) (OTCPK:RYCEF) is poised to obtain the first order from a European government to build a fleet of small nuclear reactors, after the company beat out six competitors to be named the preferred supplier by Czech Republic state utility CEZ,