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, Jun. 18 (Korea Bizwire) — South Korea’s nuclear operator has decided to shut down Wolsong-1 earlier than its life cycle was due to end, but controversy remains as experts and the company’s labor union argue over the economic fallout. The Korea Hydro & Nuclear Power Co. (KHNP) said Friday its board of directors agreed [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s nuclear watchdog voted early Friday to extend the operation of a 32-year-old nuclear reactor to 2022 despite strong opposition from residents and environmental groups over its safety. The approval cleared the way for the 678-megawatt Wolsong-1 reactor on South Korea’s southeast coast to go back on line [...]