South Korea resumes construction of two reactors


South Korea announced on July 5 that it will resume construction work on two reactors and continue to operate the reactors that are already in operation.

According to South Korea’s Yoon Suk-yul administration, the move was “following the best decision-making procedures.” Ministry of Trade, Industry and Energy..

The Ministry of Energy said the construction of Shinhanul No. 3 and No. 4 reactors will help achieve the goal of increasing nuclear power generation at South Korean power plants to more than 30% by 2030. National energy mix.according to World Nuclear AssociationSouth Korea currently has 25 nuclear reactors in operation.

The Department of Energy announced on July 5 that it will also consider a method for treating “high-level radioactive waste.”

Yun, who took office on May 10, has promised to promote investment in the nuclear industry and regain its position as a major exporter of safe nuclear reactors. After Yun promised to add a nuclear power plant, South Korean energy companies are expanding their nuclear business.

With the previous administration led by President Moon Jae-in, who has been promoting the phasing out of nuclear power generation for about 45 years, the expansion of nuclear energy indicates a drastic policy shift. Construction work on the two reactors has been stagnant since 2017, when Moon took office.

The global downturn in the nuclear industry was triggered in 2011 after the earthquake and tsunami damaged three nuclear power plants at Fukushima Daiichi Nuclear Power Station in Japan. Public opinion on nuclear power became even more vigilant in 2016 after a magnitude 5.8 earthquake struck the southeastern part of the Korean Peninsula.

Nuclear export

In addition to resuming construction of two reactors, the Korean Ministry of Energy will export 10 nuclear power plants by 2030 and invest $ 300 million in small modular reactors by the same year. He said he plans to develop it.

Yun and other officials recently visited Europe to attend the G-7 and NATO summit. So Yun promoted South Korea’s nuclear energy at a meeting with officials from Poland and the Czech Republic looking for a contractor for a new nuclear power plant.

Choi Sang-moku, the secretary of the senior president of South Korea’s economy, said Reporter at the briefing June 28, “We will do our best to win orders for nuclear power plants against countries such as Poland and the Czech Republic, where the choice of contractor is imminent.”

“For the past five years, we have seen a contradictory situation in which we have been aiming for denuclearization domestically, but have been pursuing exports of nuclear power plants overseas,” he said, referring to the policy of the Moon administration. “The nuclear industry was virtually on the verge of collapse, but now we are planning to resume nuclear exports.”

Rebooting construction reactors and exporting nuclear power are part of South Korea’s Department of Energy’s plans. Shared on July 5th Achieving the policy goal of ensuring energy security and achieving “carbon-neutral goals” under the pressure of the global energy supply chain.

The Ministry of Energy also said it aims to reduce its dependence on fossil fuel imports from 81.8 percent in 2021 to 60 percent by 2030. He also said that the phasing out of coal, a type of fossil fuel, must be done in a “reasonable way.” Supply and demand conditions.

According to the state-owned Korea National Oil Corp., South Korea is the world’s fourth-largest oil importer after China, India and Japan, and the state-owned Korea Gas Corp. is the world’s largest single-company buyer of liquefied natural gas. According to a spokesperson for Korea Gas Corporation.

Reuters contributed to this report.

Mimi Nguyen Lee

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Mimi Nguyen Ly focuses on world news, with a focus on US news. She is based in Australia. Contact her at [email protected]

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