South Korea’s nuclear energy policy has undergone shifts in recent years, reflecting evolving priorities regarding energy security, economic growth, and environmental sustainability. Here’s a summary of key aspects:
Policy Reversal:
President Yoon Suk Yeol, who took office in 2022, reversed the previous administration’s policy of phasing out nuclear power.
The current administration is actively promoting the expansion of the nuclear energy sector.
Key Policy Goals:
Increasing the share of nuclear power in South Korea’s energy mix.
Revitalizing the domestic nuclear power industry.
Pursuing the export of South Korean nuclear technology.
Developing small modular reactors (SMRs).
Current Developments:
Plans are in place to construct new nuclear reactors, including Shin Hanul units 3 and 4.
The government is providing financial support to nuclear power companies.
South Korea has finalized its 11th Basic Plan for Long-Term Electricity Supply and Demand, which outlines energy supply and generation strategies through 2038. Under the new plan, South Korea will build additional nuclear reactors.
The aim is to increase the amount of nuclear generated energy, within the countries energy mix.
Driving Factors:
Growing electricity demand, particularly due to the rise of industries like artificial intelligence.
The need to enhance energy security.
The goal of achieving carbon neutrality.
Nuclear first policy: implications for LNG in South Korea [Global
Image Source: naturalgasworld.com
In essence, South Korea is placing a strong emphasis on nuclear energy as a key component of its future energy strategy.
Cookies are small text files that can be used by websites to make a user\'s experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
