DAEJEON, Oct. 31 (Korea Bizwire) – The Korea Institute of Machinery and Materials (KIMM) announced on October 30 that it has developed an innovative laser cutting technology capable of safely dismantling nuclear reactors underwater. The development comes at a crucial time as South Korea faces an increasing need for reactor dismantling technology, with multiple nuclear power [...]
SEOUL, Sept. 12 (Korea Bizwire) — The Nuclear Safety and Security Commission (NSSC) on Thursday granted a construction permit for two new nuclear reactors on the east coast of South Korea, eight years after the application was submitted. At its regular meeting, the NSSC approved proposals from Korea Hydro & Nuclear Power Co. to build [...]
SEOUL, Oct. 5 (Korea Bizwire) — The intelligence authorities of South Korea and the United States are closely monitoring North Korea for signs the reclusive regime appears to have halted operations of a nuclear reactor in its Yongbyon nuclear complex, Seoul’s defense ministry said Thursday. The Dong-A Ilbo earlier reported the allies’ intelligence authorities have [...]
SEOUL, Oct. 2 (Korea Bizwire) — The Shin-Hanul 2 nuclear reactor in southern South Korea began a six-month test operation this month to go into full operation next March, according to a state-run nuclear power agency Monday. The 1.4 gigawatt reactor in the coastal county of Uljin, some 215 kilometers southeast of Seoul, was loaded [...]
WASHINGTON, Sept. 18 (Korea Bizwire) — A U.S. district court on Monday dismissed a lawsuit that an American energy firm filed to stop two South Korean state-run companies from exporting nuclear power plants, determining it is not qualified to take the legal move. The District Court for the District of Columbia rejected the complaint that [...]
SEOUL, April 28 (Korea Bizwire) — South Korea has called on the United States to make joint efforts to resolve a legal dispute between their companies over Seoul’s potential nuclear reactor exports to the Czech Republic and other nations, the industry ministry said Friday. Industry Ministry Lee Chang-yang made the request during a meeting with [...]
SEOUL, April 9 (Korea Bizwire) — South Korea has temporarily suspended the Kori-2 nuclear reactor for safety inspections and improvements required to extend its operations, its operator said Sunday. The No. 2 reactor at the Kori Nuclear Power Plant, located in Busan, 325 kilometers southeast of Seoul, was halted at 10 p.m. Saturday upon the [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea on Wednesday held a ceremony to celebrate the operation of its 27th nuclear reactor, as the country has striven to become a nuclear powerhouse and to better manage electricity demand. The construction of the Shin Hanul No. 1 nuclear reactor began in 2010 in Uljin, 307 kilometers [...]
SEOUL, Aug. 15 (Korea Bizwire) — Two affiliates of South Korean refining-to-semiconductors conglomerate SK Group said Monday they have invested US$250 million in U.S. nuclear reactor design firm TerraPower for joint business opportunities. Through the investment, SK Inc., the holding company of SK Group, and SK Innovation Co., the country’s leading refiner, will jointly develop [...]
SEOUL, Oct. 20 (Korea Bizwire) — The economic viability of South Korea’s second-oldest nuclear reactor was unreasonably undervalued in determining the facility’s early closure, state auditors said Tuesday. In its audit report on the early closure of the Wolsong-1, the Board of Audit and Inspection (BAI) concluded that a June 2018 projection report from a [...]