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
President-elect Yoon Seok-youl is planning to discard the Moon Jae-in administration’s nuclear power policies. According to him, nuclear power plants are essential for carbon neutrality and the ratio of nuclear power generation, which has been less than 29 percent for the past five years, will be ad
Korea Hydro & Nuclear Power Corp. (KHNP) is planning to reassess the radiological environmental impacts of the 24 nuclear power plants in South Korea starting from January next year.In January this year, the Nuclear Safety and Security Commission told KHNP to conduct the reassessment. The state-run
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. At 3pm on Aug 6, 2012, the electricity supply reserve ratio stood at 3.8%, making the risk of a blackout visible. Maximum temperatures in July and August of 2021 are expected to exceed 35℃, and p
The Board of Audit and Inspection of Korea announced on Oct. 20 that Wolsong Nuclear Power Plant Unit 1 was undervalued in the decision-making process related to its early closure. The South Korean government, however, is still adhering to its nuclear phase-out policy, saying that the board did not
The authors are analysts of KB Securities. They can be reached at hyejung.jung@kbfg.com and seongjin.kang@kbfg.com, respectively. -- Ed. I. Domestic Market for Nuclear Power Plants to Shrink1. Construction to begin downward trajectory in 2024KEPCO E&C revenue will be largely curtailedThere will be n
An increasing number of South Korean nuclear power plant component manufacturers are giving up on their Korea Electric Power Industry Code (KEPIC) certification with the South Korean government insisting on its nuclear phase-out policy.In general, it takes about 100 million won every three years for
South Korean professors held a discussion meeting in Seoul on Dec. 12 and urged the government to resume the construction of Shin-Hanul Nuclear Power Plant Units 3 and 4 so that South Korea’s export competitiveness in the nuclear power generation market can be recovered.There, Soongsil University ec
The completion ceremony for the third and fourth units of the Shin-Kori Nuclear Power Plant was held on Dec. 6. The third-generation nuclear power plants have been put into commercial operation ahead of those of the United States and Europe to prove the excellence of South Korea’s nuclear power gene
Korea's next-generation nuclear reactor APR1400 has received favorable reviews from members of the World Association of Nuclear Operators (WANO) for its compliance with the requirements of the U.S. Nuclear Regulatory Commission (NRC)."The U.S. Nuclear Regulatory Commission (NRC) is in the rulema
The U.S. nuclear regulatory institution has finally certified Korea’s nuclear reactor, Advanced Power Reactor 1400 (APR1400), paving the way for exports of Korean nuclear power plants to the United States and other overseas markets.Korea Hydro & Nuclear Power (KHNP) said on May 1 that the U.S. Nucle
Opposition parties and civic organizations opposed to the South Korean government’s nuclear phase-out policy are putting pressure on it by collecting signatures from more than 330,000 people.The ill-advised policy is increasingly becoming untenable as it will lead to a lack of new work for more than