"The sides will cooperate to create the conditions for reliable deliveries of Russian uranium products and services in the nuclear fuel cycle sphere," the document, signed following a regular session of a bilateral intergovernmental commission, said.
The parties pledged to instruct the relevant agencies to consider establishing a joint enterprise for the storage of uranium products subject to further processing by South Korea.
Commission co-chairman Kwon Okyu, who is also deputy prime minister of South Korea, said his country had developed unique technology in building nuclear reactors and that the meeting had also focused on the operational safety of reactors and nuclear fuel prices.
South Korean nuclear power plants used to receive low-enriched uranium from Russia's exporter Techsnabexport, and Russian deliveries accounted for no less than 30% of the country's uranium market.
