SEOUL, March 31 (Korea Bizwire) — Major builder Hyundai Engineering & Construction Co. is set to make a foray into the U.S. nuclear decommissioning business for the first time among South Korean companies. The company announced on Wednesday that it had signed a teaming agreement, including project management contract for the Indian Point nuclear plant [...]
SEOUL, April 21 (Korea Bizwire) — South Korea said Tuesday it will spend 322.3 billion won (US$264 million) to establish nuclear decommissioning research centers in sync with the country’s new energy policy that centers on using more sustainable resources and less nuclear power. Under the plan, South Korea will start the construction of the centers [...]
BUSAN/ULSAN, Oct. 30 (Korea Bizwire) — When South Korea vowed to reduce heavy reliance on nuclear power in favor of renewable energy sources with the retirement of the Kori-1 reactor in 2017, a key question rose to the surface — how can a reactor be decommissioned safely? South Korea is set to retire 11 out [...]
SEOUL, Oct. 23 (Korea Bizwire) – As recent headlines have been dominated by the possible decommissioning of the Shingori 5 and Shingori 6 nuclear reactors, interest in the extremely lucrative nuclear decommissioning market has gained interest in certain quarters, bolstered by President Moon Jae-in’s comments on October 22 that he would support domestic companies’ efforts [...]