gamesindustryblog.com
gamesindustryblog.com June 24, 2017


South Korea president Moon jae-in pulls plug on nuclear energy

20 June 2017, 01:16 | Candice Butler

South Korea Retires Major Nuclear Reactor

Richard Haass president of the Council on Foreign Relations gives a special lecture at the Korea Foundation for Advanced Studies in southern Seoul

But also, according to the President, the permanent shutdown of the Kori-1 reactor is the first step toward a nuclear-free country, and in his own words, . the turning point toward a safer Korea.

Our Kim In-kyung has more.

South Korea now runs 25 nuclear power plants, which generate about 30 percent of the country's power supply. The president stressed that the government's energy policies in the future should focus on boosting public safety, environmental protection and sustainable growth.

Moon campaigned on a program of cutting South Korea's traditional reliance on coal and nuclear for the bulk of its power, but has not previously commented on the commitment to end nuclear power since being elected in early May.

"I will scrap all preparations to build new reactors now underway and will not extend the lifespan of current reactors", he said.

Moon stressed that the operational lifespan of aged nuclear power plants will not be extended.

South Korea is also one of the few countries that have exported its nuclear reactor technology, an area once seen by some of its construction companies as a new cash cow.

SEOUL, Korea, Republic Of-South Korea, one of the world's largest nuclear electricity producers, will scrap plans to add nuclear power plants, its president said June 19, signalling a shift in decades of reliance on nuclear energy.

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He pledged to abandon the nuclear-centric electric power policy and open a post-nuclear era.

The public's support for nuclear power has weakened since the 2011 Fukushima meltdown and a 2013 corruption scandal over fake safety certificates for reactor parts.

With the country still setting its long-term energy plans, it is unclear how many will be replaced by new reactors.

Numerous reactors are located near residential areas along the country's southeast coast.

Experts say the shutdown of coal power plants could dramatically hike utility cost in a country where coal power generates about 40 percent of its entire power needs.

Another 11 of South Korea's 25 reactors are set to shut down by 2030 as they reach the end of their operating lives, although some may push to have their operating licenses renewed.

"South Korea is not safe from the risk of earthquakes, and a nuclear accident caused by a quake can have such a devastating impact". The country is also searching for answers on how and where to permanently store spent nuclear fuel. "We will make the energy industry a new growth engine for Korea", Moon said.



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