South Korera’s president Yoon Suk Yeol has pledged to revive the country’s nuclear power industry by pledging about $2.4bn (€2.2bn) in projects and extending $750m in financing.

Speaking at a town hall meeting on people’s livelihood issues, Yoon also vowed to boost the country's technological capability for small modular reactors (SMR) and introduce the country’s first SMR model, the i-SMR, by 2028.

The meeting demonstrated that Yoon is pushing ahead with plans to embrace nuclear energy. Former president Moon Jae-in’s policy had been to retire the country’s commercial reactors, which supply about 30% of its electricity generation, and refrain from building new ones.