South Korea / Government To Invest Nearly $100 Million As It Unveils Plans To ‘Rebuild’ Nuclear Power Sector

Bullish policy calls for work to start on completion of two reactors at Shin-Hanul in 2024
Government To Invest Nearly $100 Million As It Unveils Plans To ‘Rebuild’ Nuclear Power Sector
The government wants work on the completion of Shin-Hanul-3 and Shin Hanul-4 to begin in 2024.
South Korea’s president has called for the country’s nuclear power industry to be “rebuilt and put to work as soon as possible” with the government announcing plans to invest 130 billion won ($99m, €98m) in the sector.

According to the Yonhap News Agency, president Yoon Suk-yeol has asked industry minister Lee Chang-yang to begin the reinvigoration of the nuclear industry.

Yonhap said the government will invest the $99m in “rebuilding the nuclear power sector and increasing nuclear power generation in the energy mix”. Later this year, it will allocate up to 1 trillion won ($762m) for research and development of energy enterprises.

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