Founding Board Meeting of the Nuclear Decommissioning Research Institute... "A Hub for Industry Development"

The Foundation for Nuclear Power Plant Decommissioning Research held its inaugural board meeting on the 22nd at the Hilton Hotel in Gijang-gun, Busan. Executives, including Chairman Jeong Jae-hoon of Wonhaeyeon (fourth from the left in the front row), are seen taking a commemorative photo. (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] The Nuclear Power Plant Decommissioning Research Institute Foundation announced that it held its inaugural board of directors meeting on the 22nd at the Hilton Hotel in Gijang-gun, Busan.

The inaugural board meeting was attended by executives including the first chairman, Jeong Jae-hoon, President of Korea Hydro & Nuclear Power, and proceeded with the awarding of appointment certificates to executives, reports on the progress and plans for establishing the institute, followed by discussions among the executives.

To comply with the social distancing level 2 guidelines for COVID-19 prevention, the number of attendees and the event schedule were minimized.

The executives of the Nuclear Power Plant Decommissioning Research Institute consist of 16 directors, including 9 ex officio directors from government, local governments, and related organizations, and 7 directors recommended by research institutions including academia, as well as 2 auditors who are private legal and accounting experts.

The executives will deliberate and decide on major matters regarding the establishment and operation of the institute during their two-year term.

The institute was established to build a foundation for the nuclear power plant decommissioning ecosystem, aiming for the safe and efficient decommissioning of domestic nuclear power plants and to secure a leading position in the global decommissioning market through industrial promotion and support for small and medium-sized enterprises.

Related public institutions in the nuclear power sector (KHNP, KEPCO KPS, KEPCO Nuclear Fuel, Korea Electric Power Technology) contributed funds, and the government (Ministry of Trade, Industry and Energy) and local governments (Busan, Ulsan, Gyeongbuk Gyeongju) provided support.

The institute completed its corporate establishment on the 27th of last month and is currently designing its main research facilities. Construction is planned to begin in the second half of next year with a goal of completion in 2024.

Chairman Jeong said, "Today marks a milestone in fostering the nuclear power plant decommissioning industry ecosystem," adding, "We will do our best to timely construct the Nuclear Power Plant Decommissioning Research Institute and the Heavy Water Reactor Decommissioning Technology Institute to be established in Busan, Ulsan, and Gyeongbuk Gyeongju, becoming a hub for industrial promotion leading technological independence in the nuclear decommissioning field."

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