One year into government, nuclear ecosystem is back on track in Korea

  • Main equipment manufacture for Shin Hanul units 3, 4 starts, 2 trillion won auxiliary equipment ordered
  • MOTIE (Minister of Trade, Industry and Energy) presents roadmap for R&D and human resource development to revitalize nuclear ecosystem //

(Shin Hanul Nuclear Power Plant (NPP))

A year after the President Yoon's administration took office in May last year and promoted "strengthening the NPP industry ecosystem" as its core national priorities, it is back on track. This is a fulfillment of the promise made by the President at the 'Meeting with Nuclear Industry Partners' that he personally presided over shortly after his inauguration, "We will actively support the revitalization of the nuclear ecosystem and promptly and efficiently resume the construction of Shin Hanul units 3, 4."


Beyond restoring and normalizing the NPP ecosystem, the government is now providing policy support to secure the NPP industry's global competitiveness.


First, the manufacture of the main equipment of Shin Hanul units 3, 4, for which a contract worth 2.9 trillion won was signed in March, will begin in earnest today. Orders for auxiliary equipment worth 2 trillion won will also begin this month. This is expected to provide a continuous and stable supply of work to the NPP ecosystem.


Second, MOTIE plans to invest about KRW 2 trillion in technology development over the next five years, centered on three key directions: future such as SMR, export market, and convergence linked to hydrogen production and renewable energy, for technological innovation to secure ultra-gap competitiveness in the entire nuclear power industry cycle.


Third, in order to correct the loss of manpower during the nuclear power plant decommissioning period, the government plans to foster 4,500 professionals by '30 by promoting measures to support the cultivation of high-end manpower centered on universities and graduate schools and the supply of manpower centered on small and medium-sized enterprises.


On May 15 (Mon), MOTIE Minister Lee Chang-yang emphasized that "major countries around the world are focusing on nuclear power as an alternative to overcome the complex energy crisis, and fierce competition in the future nuclear power market such as SMR is expected," and promised to "create jobs through winning overseas nuclear power plant orders and supporting equipment exports, while supporting companies with consistent and predictable nuclear power policies and support, including technology development and manpower training in the mid- to long-term."

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  • This blog is made to share energy news in Korea, especially for renewable energy such as solar PV, wind power, electric vehicle, EV charger, ESS and hydrogen, etc
  • This article is translated into English by DeepL, and partly edited and summarized by Kimoo Heo in Korea, https://www.linkedin.com/in/kimoo-heo-49395557/

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