SEOUL, July 10 (Korea Bizwire) — South Korea launched a government-lead project worth 399.2 billion won (US$305.4 million) to foster research and development of a homegrown small modular reactor (SMR) in an effort to lead the global market of the emerging energy sector, the science ministry said Monday. Co-led by the Ministry of Science and [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean builder DL E&c Co. and nuclear plant components maker Doosan Enerbility Co. announced on Wednesday that they had signed a deal with U.S. small modular reactor (SMR) maker X-energy to make an equity investment and to supply core equipment. SMRs refer to modules comprised of reactors, steam [...]
SEOUL, May 17 (Korea Bizwire) — SK Inc., the holding firm of South Korea’s No. 2 conglomerate SK Group, said Tuesday it has signed an initial agreement with a U.S. nuclear power venture founded by Microsoft founder Bill Gates, as it seeks to tap into the small-sized nuclear power reactor business. The agreement was signed [...]
SEOUL, May 10 (Korea Bizwire) — Samsung C&T Corp., a South Korean construction firm, said Tuesday it has forged a comprehensive partnership with NuScale Power, a U.S. nuclear technology company, in a move to tap deeper into the small modular reactor (SMR) business. The construction unit of Samsung Group has injected an additional US$50 million [...]
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 [...]