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As Power Demand Surges, Korean Energy Firms Turn to Small Modular Reactors

As Power Demand Surges, Korean Energy Firms Turn to Small Modular Reactors

SEOUL, Jan. 21 (Korea Bizwire) – SK Innovation Co., South Korea’s leading refiner, said Wednesday it has sold part of its stake in TerraPower, a U.S. developer of next-generation small modular reactors (SMRs), to Korea Hydro & Nuclear Power (KHNP), strengthening their three-way partnership to expand into the global SMR market. The deal marks the [...]

S. Korean Firms Tap into SMRs as Country Plans to Retract Nuclear Phase-out Policy

S. Korean Firms Tap into SMRs as Country Plans to Retract Nuclear Phase-out Policy

SEOUL, April 14 (Korea Bizwire) — As President-elect Yoon Suk-yeol plans to retract the current Moon Jae-in government’s nuclear phase-out policy, South Korean companies are eyeing small modular reactors (SMRs) as the source of next-generation energy. SK Inc., the holding company of conglomerate SK Group, has been considering investing in SMRs with the group’s energy and chemical [...]