SEOUL, Sept. 13 (Korea Bizwire) — South Korea will keep the electricity reserve rate at 22 percent in 2031, the same estimated two years ago, as the government’s push for renewable energy needs back up facilities for a stable power supply, a panel said Friday. A government working group to outline the power supply plan [...]
SEOUL, Aug. 18 (Korea Bizwire) – Remarks made by President Moon that the nation will only be nuclear power free in “at least 60 years” at a presidential press conference yesterday has garnered comparisons between South Korea’s nuclear power deactivation policy and other nations. Held to mark his 100th day in office, President Moon expressed [...]
SEOUL, Jun. 28 (Korea Bizwire) — The presidential office Cheong Wa Dae on Wednesday defended the government’s decision to temporarily suspend the construction of two nuclear reactors, saying it was made after “painstaking deliberations.” On Tuesday, Cheong Wa Dae announced that the government will halt the construction of the reactors in Ulsan, 414 kilometers southeast [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s leading presidential candidate Moon Jae-in on Saturday unveiled a set of energy policy pledges that include reducing coal-fired power plants and nuclear reactors in the country, while expanding renewable energies. Moon’s camp said there will be no more construction of nuclear reactors and coal-fired power plants. The [...]
DAEJEON, March 9 (Korea Bizwire) – In a bid to better prepare for unforeseen accidents at nuclear power plants in South Korea, the Korea Atomic Energy Research Institute said Wednesday that it is developing a Nuclear Blackbox to monitor in real time nuclear reactors from a safer distance, and a vehicle-based remote control system to [...]
SEOUL, Feb. 7 (Korea Bizwire) – A Seoul court ordered the government Tuesday to cancel its decision to extend the operation of a nuclear reactor that was supposed to go offline in 2012. The Seoul Administrative Court ruled in favor of an injunction sought by a group of local residents to annul the Nuclear Safety [...]
SEOUL, Dec. 16 (Korea Bizwire) – The recent South Korean blockbuster disaster film “Pandora” was the first of its kind to see nuclear power plants play a pivotal role in the plot. The movie, which is reminiscent of the Fukushima nuclear meltdown in 2011, takes place in an eastern coastal city of South Korea that [...]
SEOUL, June 24 (Korea Bizwire) – South Korea’s nuclear security watchdog approved a plan to build two more nuclear reactors on Thursday, with their construction to begin immediately following the approval. The decision by the Nuclear Safety and Security Commission allows the state-run Korea Hydro and Nuclear Power Co. (KHNP) to add Shin Kori No. 5 [...]
SEJONG, Jul. 22 (Korea Bizwire) — South Korea unveiled a new 15-year power supply plan Wednesday that calls for the construction of two new nuclear reactors to meet the country’s growing demand for electricity. Under the so-called basic plan for power supply, the country will build two new nuclear reactors by 2029, bringing the total [...]
“The government should re-assess whether to extend the life of the nuclear reactor by considering its safety, public views towards it, and economic viability. If the overall assessment is negative, there’s no need to re-activate the reactor.” - Suh Kune-yull, nuclear engineering professor at Seoul National University “Wolsong-1 has not passed the stress test as [...]