The South Korean government will spend 400 billion won ($320m) over the next six years to develop next-generation small modular reactors (SMR), reports said.
The investment decision comes as a science ministry project for developing an innovative SMR passed a preliminary feasibility study stage, according to trade and science ministries’ announcement.
The government will inject a total of 399.2 billion won into the project for developing an advanced SMR from 2023 to 2028. The SMR will be designed to have power generation capacity of 300 MW or less.
The investment decision comes as a science ministry project for developing an innovative SMR passed a preliminary feasibility study stage, according to trade and science ministries’ announcement.
The government will inject a total of 399.2 billion won into the project for developing an advanced SMR from 2023 to 2028. The SMR will be designed to have power generation capacity of 300 MW or less.
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