SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korea’s nuclear safety commission on Thursday approved the restart of the Shin-Hanul 2 reactor, which had been shut down for maintenance following two malfunctions earlier this year. The Nuclear Safety and Security Commission authorized the reactor to reach a “criticality” level, enabling the resumption of operations after repairs [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) said Thursday it plans to apply for standard design approval of its innovative small modular reactor (SMR) model later this year to expand the country’s foothold in the next-generation global nuclear power market. KHNP plans to draw up the [...]
PRAGUE, May 6 (Korea Bizwire) — A Czech court on Tuesday temporarily blocked the government in Prague from signing a multibillion-dollar agreement with South Korea for the construction of two nuclear reactors, according to multiple reports, making it highly unlikely that an official contract will be concluded this week. A South Korean consortium led by [...]
SEOUL, April 23 (Korea Bizwire) — South Korea and the United States will keep their Nuclear Consultative Group (NCG) running under the administration of U.S. President Donald Trump despite speculation it could be scrapped, with its next meeting set to take place as early as June, an official said Wednesday. The NCG was launched by [...]
WASHINGTON, Jan. 20 (Korea Bizwire) – U.S. President Donald Trump on Monday described North Korea as a “nuclear power” and anticipated that North Korean leader Kim Jong-un will be “happy” to see his return to the White House. During a press availability at the Oval Office, Trump made his first public mention of the recalcitrant [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea said Thursday it will impose independent sanctions on 15 North Korean IT workers and one entity over their roles in the illicit cyber activities to fund the country’s nuclear and missile development. Fourteen of the 15 individuals, including Pak Hung-ryong, Yun Jong-sik and Ri Il-jin, are suspected [...]
WASHINGTON, Feb. 21 (Korea Bizwire) — With South Korea and the United States estranged from North Korea, cautious hopes are reemerging that Japan’s diplomatic outreach to Pyongyang could lead to an opening for the resumption of long-stalled diplomacy for peace with the recalcitrant regime. Japanese Prime Minister Fumio Kishida has repeatedly expressed his intention to [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s defense ministry and the Pentagon will lead the third meeting of the Nuclear Consultative Group (NCG) slated for June in Seoul to discuss a shared nuclear strategy to deter North Korea’s nuclear threat. Cho Chang-rae, South Korea’s deputy defense minister for policy, and Vipin Narang, principal U.S. [...]