Future United Party "Resuming Construction of Shin Hanul Units 3 and 4... Using Nuclear Power to Prevent Electricity Rate Increases"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] The United Future Party declared that it will "continue to use nuclear power to prevent electricity rate hikes" while calling for the "abolition of the nuclear phase-out policy."

On the 12th, the Emergency Economic Countermeasures Committee of the United Future Party's election campaign committee held a meeting and stated, "The number one fiscal policy to overcome the crisis is to resume Shin Hanul Units 3 and 4."

The committee emphasized, "We will definitely resume construction of Shin Hanul Units 3 and 4," adding, "The construction cost of about 10 trillion won is a New Deal project that requires no additional budget burden." They said, "Resuming construction will revive nuclear industry companies including Doosan Heavy Industries, boost the local economy, and impose no burden on the public," and "Shin Hanul Units 3 and 4 will produce 140 trillion won worth of electricity over 60 years, bringing more than 60 trillion won in profits to KEPCO."

They also announced plans to increase investment in domestic nuclear power instead of spending money on Chinese solar panels. The committee pointed out, "The proportion of low-quality Chinese solar panels installed domestically is still increasing," and "Companies producing solar materials are facing bankruptcy due to high industrial electricity costs and China's low-price competition."

They stated that continued use of nuclear power will also prevent electricity rate hikes. The committee said, "The United States operates nuclear power plants for 60 to 80 years. Nuclear plants that are 20 to 30 years old have completed depreciation, making them virtually free facilities," and "As long as safety is confirmed, continued use is technically and economically reasonable."

They also criticized the Moon administration's nuclear phase-out policy. The committee pointed out, "The energy and related industries are already in a critical state due to the reckless and unscientific nuclear phase-out policy of the Moon Jae-in government," and "KEPCO's deficits are skyrocketing, debts are piling up like a mountain, and hundreds of related companies led by Doosan Heavy Industries have already entered a critical state."

This content was produced with the assistance of AI translation services.