The government is focusing its policy efforts on “normalizing the nuclear power industry ecosystem.” It has come up with support measures encompassing advancing research and development (R&D), facilitating job opportunities, extending financial aid, and offering tax incentives.On Feb. 22, the govern
It has been revealed that over 90 percent of nuclear power plants with operating licenses that have expired in major overseas countries are undergoing safety assessments and extending their operational lifespans for continued operation.The active pursuit of continued operation by various countries i
As the sole operator of nuclear power plants in the country, Korea Hydro & Nuclear Power (KHNP) has turned its attention towards revitalizing nuclear small and medium-sized enterprises which have been struggling with a shortage of projects. The initiative begins with the Shin Hanul Nuclear Power Pla
A system has been put in place to detect and roll back illegal drones flying around five nuclear power plants in Korea -- Kori, Saeul, Wolseong, Hanul, and Hanbit.Korea’s Nuclear Safety Commission said on July 2 that it completed the introduction of drone detection equipment for the nuclear power pl
The construction of the Shin Hanul 3 and 4 reactors will begin soon after its cancellation under the previous Moon Jae-in administration.The Korean Ministry of Trade, Industry and Energy held a meeting at the Sejong Government Office on June 12 to deliberate on and resolve the approval of an impleme
As the proliferation of solar power continues, the share of renewable energy is growing, leading to concerns about the management of power that is produced in excess of demand. Critics are urging the government to swiftly establish measures to address this issue.According to sources in the electrici
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed. In 2H23, the domestic housing market recession is likely to sustain. Though the downtrend of housing and Jeonse prices should slow, a recovery looks unlikely in a near term noting contracting dem
Doosan Enerbility announced on May 15th that it has begun the production of main components for Shin Hanul Units 3 and 4 at its Changwon headquarters.The event was attended by key figures from the government, local authorities, contractors, and partner companies, including Minister of Trade, Industr
The author is an analyst of Shinhan Securities. He can be reached at krpark@shinhan.com -- Ed.1Q23 OP to beat consensus at KRW60.5bn (+169% YoY)KEPCO Plant Service & Engineering is expected to have registered sales of KRW342.2bn (+12.9% YoY) and operating profit of KRW60.5bn (+169.0% YoY) in 1Q23, e
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.KEPCO KPS’s 1Q23 OP likely beat consensus, driven by deferred sales and labor cost savings. At a time when Korea and the US are forecast to strengthen nuclear cooperation and Eastern Europe and the
Korea Hydro & Nuclear Power (KHNP) announced on April 10 that it has achieved the highest rating of “Green” in the World Association of Nuclear Operators (WANO)’s assessment of KHNP’s Operational Experience. This makes KHNP the first to achieve the highest rating for eight consecutive years among 16
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.Although the decision to raise electricity and city gas rates in 2Q23 has been put on hold, investment focused on the need for rate hikes remains valid.EU energy market in last week of MarchOver M
The first large-scale supply contract for nuclear power generation in Korea in about 10 years has injected strong new vitality into Korea’s nuclear power plant ecosystem. Doosan Enerbility announced on March 29 that it has signed a contract to supply the main equipment needed for Shin Hanul Units 3
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Starting with Kori #2 (2033), 14 NPPs with a combined capacity of 12.5GW are to exceed 50 years of design life by 2050. The average useful life of NPPs in operation will rise to 30 years by 2035, a
Shin Hanul Unit 1, the first nuclear power plant in Korea built with 100 percent localized core equipment, has started commercial operations, after a delay of more than five years from the original schedule. To mark the plant's completion, a ceremony was held in Uljin, North Gyeongsang Province,
Westinghouse Electric Co. filed a suit against Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) on Oct. 21. According to the American nuclear power company, KHNP’s APR-1400 reactor was developed based on Combustion Engineering’s System 80 and KHNP can export its reactor only
Hwang Ju-ho, president of Korea Hydro & Nuclear Power (KHNP) visited the Czech Republic and Poland on Sept. 19 and 20, one month after his inauguration.President Hwang met with Josef Sikela, Czech minister of industry and trade, and Bohdan Zronek, director of CEZ Group's Nuclear Energy Division
The Ministry of Environment released a revised draft of K-Taxonomy on Sept. 20. In the draft, R&D and demonstration of the key nuclear power technologies including small modular reactor are classified as economic activities contributing to carbon neutrality and environmental improvement along with r
The Korean government has revised the power supply plan drawn up by the preceding Moon Jae-in administration, raising the proportion of nuclear power generation from 23.9 percent to 32.8 percent by 2030, while lowering the share of renewable energy-based power generation from 30.2 percent to 21.5 pe
The South Korean government confirmed on July 5 that it would raise the ratio of nuclear power generation to at least 30 percent by 2030 and resume the construction of Shin Hanul Nuclear Power Plant Units 3 and 4.At the end of 2021, a total of 24 nuclear power plants with a combined capacity of 23.3