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South Korea's Ministry of Science & ICT (MSIT) has signed a memorandum of understanding with eight Korean companies to cooperate on the development of next-generation nuclear reactors.

Source: World Nuclear News
Date: Saturday, 23 March 2024
Original article: world-nuclear-news.org/Articles/Korea-gears-up-for-advanced-reactor-development

A public-private partnership comprised of 42 state-run and private entities has been created to advance Korea's small modular reactor (SMR) sector. The alliance aims to establish plans to revitalise the country's SMR industry within the next year.

Source: World Nuclear News
Date: Thursday, 06 July 2023
Original article: world-nuclear-news.org/Articles/South-Korea-forms-SMR-Alliance

Nuclear companies announce agreement to workk together The agreement was signed by Kepco chief executive officer Cheong Seung-il (second left) and Westinghouse chief executive officer Patrick Fragman (second from right). Courtesy Kepco. State utility Korea Electric Power Corporation (Kepco) has agreed with US nuclear company Westinghouse to explore ways to cooperate on international nuclear power generation markets, with South Korea saying it plans to export 10 nuclear power plants by 2030.

Kepco, its subsidiary Korea Hydro & Nuclear Power (KHNP), which operates the country’s nuclear fleet, and Westinghouse aim to set up a joint working group to draw up detailed plans.

The agreement was signed in Seoul by Kepco chief executive officer Cheong Seung-il and Patrick Fragman, chief executive officer of Westinghouse.

Kepco said the aim is to “develop a cooperative model for joint entry in the overseas large nuclear power plant market and expand cooperation to various other fields”.

Mr Fragman also visited the Shin-Kori nuclear power stations – where four units are in operation and two under construction – to see “the operational and construction capabilities of Korean-style nuclear power plants”, Kepco said.

Source: Nucnet
Date: Saturday, 11 June 2022
Original article: nucnet.org/news/westinghouse-and-kepco-aim-for-joint-entry-into-large-scale-reactor-markets-6-5-2022

Korea Electric Power Corp (KEPCO) says that it has agreed with US firm Westinghouse to seek ways to cooperate on international nuclear power generation markets - South Korea has a goal of exporting 10 nuclear power plants by 2030.

Source: World Nuclear News
Date: Friday, 10 June 2022
Original article: world-nuclear-news.org/Articles/KEPCO-and-Westinghouse-agree-cooperation-on-nuclea

Two nations aim to work together at home and abroad Image courtesy Flickr/William Warby. US president Joe Biden and South Korean counterpart Yoon Seok-youl have committed to the importance of nuclear energy as a critical source of carbon-free electricity and pledged to accelerate the development and global deployment of advanced reactors and small modular reactors.

The two leaders said after a meeting in the South Korean capital Seoul that they want to see strengthened cooperation in nuclear markets at home and abroad and to further cooperation for spent fuel management, nuclear export promotion, assured fuel supply and nuclear security.

They said they aim to use “export promotion and capacity building tools, and building a more resilient nuclear supply chain”.

Source: Nucnet
Date: Tuesday, 24 May 2022
Original article: nucnet.org/news/us-and-south-korea-pledge-to-accelerate-development-of-advanced-reactors-and-smrs-5-1-2022

Election winner wants reactors to be ‘core engine to drive country’ A 2014 file photo of construction at the Shin-Hanul nuclear power station. Courtesy KHNP. The South Korean government is reviewing whether to set up a new long-term energy plan earlier than expected after president-elect Yoon Suk-yeol said he planned to bring back nuclear power generation to the list of the country’s major energy sources.

Reports in Seoul said the Ministry of Trade, Industry and Energy (Meti) is in talks with Mr Yoon’s transition team to establish the 4th Energy Basic Plan in the third quarter to include the energy policy of the incoming government.

South Korea has set the country’s Energy Basic Plan every five years, and the third plan was announced in June 2019. If the 4th plan is unveiled later this year, it would be set up two years earlier than the initial plan.

Outgoing president Moon Jae-in’s policy had been to retire the country’s 24 reactors, which supply about 30% of its electricity generation, and refrain from building new ones.

Source: Nucnet
Date: Tuesday, 12 April 2022
Original article: nucnet.org/news/government-considers-new-energy-plan-after-president-elect-s-promise-to-bring-back-nuclear-4-1-2022