South Korea / Prosecutors Conduct Raids As Investigation Continues Into Wolsong-1 Retirement

State auditor says economic viability of reactor was undervalued as part of government shutdown policy
Prosecutors Conduct Raids As Investigation Continues Into Wolsong-1 Retirement
The Wolsong nuclear power station in South Korea.
Prosecutors in South Korea on Thursday raided the industry ministry and two state-run energy firms over allegations that they manipulated the profitability projections of the now-decommissioned Wolsong-1 nuclear power plant to determine the facility’s early closure, press reports said.

According to Yonhap News Agency, prosecutors and investigators from the Dajeon District Prosecutors Office simultaneously raided the industry ministry in Sejong, Korea Gas Corporation (Kogas) in Daegu and the Korea Hydro & Nuclear Power Corporation in Gyeongju to secure related documents and computer files.

The raids came weeks after publication of a report from country’s state auditor, the Board of Audit and Inspection (BAI), which concluded that the industry ministry and KHNP unreasonably undervalued the economic viability of the Wolsong-1 plant.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet