'Denuclearization Abandonment' Yoon Administration Invests 750 Billion KRW in Sustainable Nuclear Technology
Ministry of Science and ICT's SMR Technology Development Passes Preliminary Feasibility with 399.2 Billion KRW
Ministry of Trade, Industry and Energy's Core Decommissioning Technology Development Also Receives 348 Billion KRW
Integrated Reactor SMART Developed by the Korea Atomic Energy Research Institute
View original image[Asia Economy Reporter Kim Bong-su] The Yoon Suk-yeol administration, which has abandoned the nuclear phase-out policy, has decided to invest an astronomical research and development (R&D) budget to establish a 'sustainable' nuclear power utilization plan.
The Ministry of Science and ICT and the Ministry of Trade, Industry and Energy announced on the 1st that the 'Innovative Small Modular Reactor (i-SMR) Technology Development Project' and the 'Nuclear Power Plant Decommissioning Competitiveness Enhancement Technology Development Project' have passed the preliminary feasibility study.
Through the 'Innovative Small Modular Reactor Technology Development Project,' the Ministry of Science and ICT plans to invest a total of 399.2 billion KRW from next year until 2028 to develop next-generation SMR models aimed at entering the global small modular reactor market in the 2030s. A small modular reactor refers to a small reactor that reduces capacity compared to the existing large pressurized water reactors (1,000 MW) to 300 MW or less, enhancing safety while improving economic feasibility through a modular configuration.
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Additionally, the Ministry of Trade, Industry and Energy will invest a total of 348.2 billion KRW from next year until 2030 through the Nuclear Power Plant Decommissioning Competitiveness Enhancement Technology Development Project to promote on-site application, real-world verification technology development, and infrastructure construction for the dismantling of the permanently shut down Kori Unit 1 and Wolsong Unit 1 reactors.
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