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 [...]
SEOUL, Oct. 13 (Korea Bizwire) — Although overshadowed by more pressing matters at hand such as the new coronavirus or regional security, the closure of South Korea’s second-oldest nuclear reactor has remained a hot-button topic in domestic politics since President Moon Jae-in decided in 2017 to decommission the reactor earlier than scheduled in line with [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea on Tuesday decided to permanently shut down another nuclear reactor in the country in line with a new energy drive centering on promoting sustainable energy sources and reducing dependence on nuclear and fossil fuels. The Nuclear Safety and Security Commission approved an application by the country’s nulear [...]
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, Sept. 2 (Korea Bizwire) — South Korea has officially started the commercial operation of its new Shin-Kori 4 reactor, the country’s state-run atomic energy company said Monday. The 1.4 million kilowatt (kW) capacity reactor that went online last Wednesday is safer to operate and more economic to run, with a significant boost in output [...]
SEOUL, Jul. 2 (Korea Bizwire) — South Korean researchers have developed the expertise to precisely determine corrosion levels in key parts of nuclear reactors, potentially greatly improving operational safety, a state-run atomic energy institute said Tuesday. The discovery is expected to make it easier for nuclear plant operators to forecast when to replace such critical [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s atomic energy agency on Friday approved the operation of a nuclear power plant that was completed more than a year and half ago. The Nuclear Safety and Security Commission gave the go-ahead after completing the final safety test of the Shin-Kori No. 4 reactor near the southern [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s nuclear safety commission on Tuesday approved the restart of a nuclear reactor that was shut down six months ago. The 650-megawatt Kori No. 2 reactor in the southern port city of Busan went offline on April 17 for routine inspections. The Nuclear Safety and Security Commission said [...]
SEOUL, April 12 (Korea Bizwire) – South Korea’s nuclear safety agency said Thursday that it has approved the restarting of a reactor in the country’s southeastern region, with the unit expected to come online in the coming days. The Nuclear Safety and Security Commission said it has confirmed the safety of the Kori 4 in an inspection following the reactor’s shutdown on March 28 last year due to [...]