S.Korea's Lee in UAE to discuss nuclear deal

Reuters - South Korean President Lee Myung-bak visits the United Arab Emirates on Saturday in a push to win one of the world's biggest nuclear power plant contracts.

SEOUL (Reuters) - South Korean President Lee Myung-bak visits the United Arab Emirates on Saturday in a push to win one of the world's biggest nuclear power plant contracts.

ABU DHABI/SEOUL (Reuters) - A South Korean consortium won a $40 billion deal to build and operate four nuclear reactors for the United Arab Emirates, beating U.S.

South Korea's presidential office said in a press release that South Korean President Lee Myung-bak during a two-day state visit by Malaysian King Mizan Zainal Abidin discussed enhancing cooperation between the two countries in nuclear energy and other economic fields. Reporting on the bilateral discussions, a presidential official quoted President Lee as saying, "Malaysia has recently successfully overcome the global economic crisis, demonstrating a high level of national competitiveness," Yonhap news agency reported.

Reuters - South Korean President Lee Myung-bak warned that a failure by G20 economies to find a solution soon to disputes about foreign exchange policy could cause significant problems for the world economy.