The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Disgraced ex-minister's daughter says she feels proud, qualified as a doctor

  • 3

    Coupang reveals Asia's largest fulfillment center in Daegu

  • 5

    'Celebrity forests' emerge as new K-pop trend in Seoul

  • 7

    Ex-gov't employee summarily indicted for alleged attempt to sell Jungkook's lost hat

  • 9

    Netflix survival show 'Physical 100' attracts viewers with sweat, muscle and human story

  • 11

    Peak Time: Survival show for lesser-known K-pop boy bands to hit air

  • 13

    Korean Peninsula may face fallout from balloon saga

  • 15

    Seoul narrows in on new slogan

  • 17

    SM founder Lee Soo-man returns home, in hospital to treat arm fracture

  • 19

    Korea to allow currency trading by offshore firms, extend market hours

  • 2

    Singer Lee Seung-gi to marry actor Lee Da-in in April

  • 4

    SM in internal feud over founder's exit from producing

  • 6

    Tiger endures 3 years of solitary confinement in closed zoo

  • 8

    Seoul city zeroes in on foreign residents' unpaid taxes

  • 10

    Rescuers race against time as Turkey-Syria quake death toll passes 5,000

  • 12

    Ex-justice minister, daughter blamed for unrepentant attitude over academic fraud

  • 14

    INTERVIEW'Korea, US can create synergy in space industry': NASA ambassador

  • 16

    Apple confirms launch of Apple Pay in Korea

  • 18

    Chainsaw Fest set to rip apart Club SHARP

  • 20

    Korea opens metaverse platform for Korean-language learning

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Thu, February 9, 2023 | 04:35
Companies
Yoon to scrap Moon's anti-nuclear policies
Posted : 2022-03-10 16:15
Updated : 2022-03-10 16:16
Lee Kyung-min
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link

Then-presidential candidate Yoon Suk-yeol speaks about his energy policy near a nuclear reactor in Uljin, North Gyeongsang Province, Dec. 29, 2021. Korea Times file
Then-presidential candidate Yoon Suk-yeol speaks about his energy policy near a nuclear reactor in Uljin, North Gyeongsang Province, Dec. 29, 2021. Korea Times file

By Lee Kyung-min

The nuclear phase-out policy spearheaded by the Moon Jae-in administration will be scrapped, as President-elect Yoon Suk-yeol has vowed to overturn his predecessor's unpopular energy policy and develop Korea into a global leader in nuclear technology, according to scholars and industry analysts Thursday.

Soon to be resumed is the construction of Shin Hanul reactors 2 and 3 in Uljin, North Gyeongsang Province, the long-stalled, politically disrupted plan that would have developed into a civil damage suit between plant builder Doosan Heavy Industries and the state-run Korea Hydro & Nuclear Power (KHNP).

The use of 10 old plants scheduled for closure by 2030 will be extended following strengthened maintenance work for safety, and in turn function as a key energy source to advance the low-carbon economy.

Better late than never

"It is late, but nothing is never too late," said Lee Jong-ho, a senior researcher at the Nuclear Research Institute for Future Technology Policy (NIFTEP) associated with Seoul National University.

Market-driven economy to gain momentum under Yoon
Market-driven economy to gain momentum under Yoon
2022-03-10 16:41  |  Economy

The Moon administration's supposed key green energy initiative, in Lee's view, was arranged hastily, disregarding the far-reaching consequences for the public and industry at large.

Safety management issues notwithstanding, the government put little thought into how the drive would lead to an unstable energy supply, a critical risk to industrial output as well as heating and cooling demand in extreme weather conditions, he said.

"Discussions to increase reliance on renewables may be a step in the right direction in the long term, but not unless backed by a viable alternative energy source to keep a variety of uncertainties under control. The new administration's energy policy in that sense is a positive step to restoring reason in the industry which has for years been dominated by confusion."

Korea's competitive edge in the construction and maintenance of the nuclear facilities will be fortified, propped up by training of highly skilled workers at small and medium firms as well as education to foster young students seeking professions in the field, he said.

"Korea's nuclear technology is distinguished, as long-recognized by its global counterparts. Korea's system is 30 percent lower in price compared to ones made by France, for example. Korea is the only non-U.S. country that passed the U.S. screening for safety. Safe and efficient management of the facilities can and will help with the growth prospect of the country."

Also expected is a change in the makeup of the Nuclear Safety and Security Commission, a group criticized in recent years for a slew of politically motivated and ideology-driven decisions. Most of the members entrusted with nuclear safety regulations and policy-making were left-leaning environmental activists with little expertise in or knowledge of nuclear energy.

Among projects taking a higher priority will be the development and export of small modular reactors (SMRs), the next-generation nuclear reactors that are smaller and produce less output.

Yoon said that his administration will export 10 nuclear reactors, thereby creating 100,000 high-end jobs by 2030.

Shares of nuclear energy-oriented businesses rallied, with Doosan Heavy closing at 21,100 won ($17.18), up 300 won or 1.44 percent from the previous session, a dramatic spike less than a month after hitting a low of 15,200 won, Feb. 15.

Korea Electric Power Corp (KEPCO) shares closed at 24,400 won, up 900 won or 3.83 percent from the previous session.



Emaillkm@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1Korean Peninsula may face fallout from balloon sagaKorean Peninsula may face fallout from balloon saga
2Turkey-Syria earthquake Turkey-Syria earthquake
3[INTERVIEW] 'Growth slowdown can accelerate depletion of retirement pension fund' INTERVIEW'Growth slowdown can accelerate depletion of retirement pension fund'
4SM6 Feel attracts customers with popular options, low price SM6 Feel attracts customers with popular options, low price
5SM's management dispute to benefit KakaoSM's management dispute to benefit Kakao
6Daughter-centered photos, title of honor reinforce speculation over North Korea succession Daughter-centered photos, title of honor reinforce speculation over North Korea succession
7[INTERVIEW] Veteran US photographer gives environment 'visual voice' to chronicle climate change INTERVIEWVeteran US photographer gives environment 'visual voice' to chronicle climate change
8National Assembly votes to impeach interior minister for Itaewon tragedyNational Assembly votes to impeach interior minister for Itaewon tragedy
9Philip Morris seeks to surpass KT&G in e-cigarette market Philip Morris seeks to surpass KT&G in e-cigarette market
10Korean companies move to support victims in earthquake-hit Turkey, SyriaKorean companies move to support victims in earthquake-hit Turkey, Syria
Top 5 Entertainment News
1Decoding success factors of NewJeans: How is it different? Decoding success factors of NewJeans: How is it different?
2SM in internal feud over founder's exit from producing SM in internal feud over founder's exit from producing
3The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design The Boyz member Hyunjae apologizes for wearing hat with Rising Sun flag design
4Peak Time: Survival show for lesser-known K-pop boy bands to hit air Peak Time: Survival show for lesser-known K-pop boy bands to hit air
5K-pop stars and dating K-pop stars and dating
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group