After the end of South Korea’s elections, the country’s Transitional Presidential Committee announced its intention to expand the use of nuclear power plants by resuming construction of Shin Hanul Units 3 and 4 and extending the life cycle of existing nuclear power plants by upgrading equipment with the to increase necessary precautions.
As early as February this year, ex-President Moon Jae-in announced that South Korea intends to completely abolish nuclear power plants in the distant future, but that they will remain the main source of energy for the next 60 years. At the beginning of April, it was reported that the operators of local nuclear power plants intended to extend the life cycle of existing plants beyond the planned period, and now, against the background of an emerging energy crisis, we are no longer talking about a gradual phase-out of nuclear energy in the future, but about the development of the industry. Previously, it was planned to complete the work of a significant part of the stations operating in the country by 2030.
The national policy goals of the new government also include “Enriching the ecosystem and strengthening the competitiveness in the nuclear power industryAccording to the authorities, development and research are supported, engineers are trained, industrial production networks are analyzed and assistance is provided with import substitution, and components, additional components, etc. are ordered by the state.
The government also intends to export at least 10 nuclear power plants by 2030, according to Business Korea. In addition to the supply of equipment and structures, importers are supported in the operation and maintenance of the nuclear power plants supplied. According to the committee, a special group will be formed in the near future, since exports may lead to further economic cooperation and even cooperation in the defense industry.
According to the South Korean authorities, the new government will work more closely with the United States on the development of small modular reactors and other industries, while supporting research and development in future technologies of fourth generation reactors, nuclear fusion in general and the production of hydrogen by nuclear power plants.