SEOUL, July 3 (Korea Bizwire) — A new system has been implemented to detect and eliminate illegal drone flights near five major nuclear power plants in South Korea. According to the Nuclear Safety and Security Commission, a drone detection system project initiated in 2022 has been recently deployed at each major power plant across the [...]
SEOUL, Dec. 27 (Korea Bizwire) — Nuclear power plants played a significant role in the energy market in South Korea this year, recording the highest proportion of overall electricity transactions in the past seven years, the power market operator said Monday. The Korea Power Exchange reported that the volume of electricity transactions from nuclear power [...]
SEOUL, April 8 (Korea Bizwire) — Shares of certain companies related to the extended operation of nuclear power plants are surging as the incoming government plans to reuse nuclear power plants that are currently scheduled to be retired. Wednesday’s stock price for Hanshin Machinery Co., a company that produces air compressors for nuclear power plants, [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korea said Thursday it is moving to build an additional facility for spent nuclear fuel at one of its nuclear power plants after local residents living around the venue gave consent. The move came after the Ministry of Trade, Industry and Energy held extensive talks with people living [...]
SEOUL, Sept. 29 (Korea Bizwire) – The current presidential administration’s plans to phase out nuclear reactors and coal power plants will leave an increased electricity bill for future generations. At a symposium attended by energy experts on September 28, professor Heoh Don of Kwangwoon University presented his research findings, which indicated that the cost per [...]
SEOUL, Oct. 6 (Korea Bizwire) – The Korean government has decided to pioneer one of the ‘blue oceans’, dismantling nuclear power plants abroad, and will invest 61 billion won over the next 15 years to develop core technology. The government confirmed the policy to foster the dismantling of nuclear plants at the fifth Atomic Energy [...]
SEJONG, Mar. 12 (Korea Bizwire) — A hacker who had posted inside information on South Korea’s nuclear power plants made a fresh threat Thursday, demanding money in exchange for not handing over sensitive information to third countries. Using an account under the name of the president of an anti-nuclear group in Hawaii, the hacker posted [...]