(LEAD) S. Korea to expand nuclear power generation to over 30% of total by 2030

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(ATTN: ADDS more detail in paragraphs 5-8; REFORMATIONS lead to clarification of target ratio)

SEJONG, 05 July. (Yonhap) — South Korea will increase its nuclear power generation to more than 30 percent of its total power output by 2030 as part of efforts to boost energy security and better meet nuclear energy targets. carbon neutrality, the Ministry of Industry said on Tuesday.

The Yoon Suk-yeol government has pledged to reverse the previous administration’s nuclear phase-out policy, rebuild the industry and support its overseas expansion.

The comparable figure was 27.4% in 2021.

According to the comprehensive energy plan announced on Tuesday, the government will resume construction of Shin-Hanul No. 3 and No. 4 nuclear reactors and continue operation of existing reactors, which is expected to raise the country’s nuclear power ratio to more than 30 %. % by 2030.

The number of nuclear reactors in South Korea will increase to 28 by 2030 from 24 currently. The previous government had sought to reduce the nuclear power ratio to 23.9% and reduce the number of reactors in operation to 18 at the time.

The Yoon government is also seeking to export 10 nuclear reactors by 2030 and allocate 400 billion won ($308 million) for the development of small modular reactors (SMRs), according to the Ministry of Commerce, Industry and Technology. ‘Energy.

The plan also included developing the hydrogen industry by securing local key technologies for advanced materials and parts.

The plan was approved during the Cabinet meeting chaired by President Yoon earlier today.

The ministry said the government will announce a detailed plan on the right mix of renewable energy resources by the end of this year with the aim of achieving carbon neutrality.

South Korea has pledged to reduce its greenhouse gas emissions by 40% below 2018 levels by 2030 and to achieve carbon neutrality by 2050.

“If the plans are implemented smoothly, our reliance on imported fossil fuels should be reduced to around 60% by 2030, from 81.8% last year,” the ministry said.

“Some 100,000 new jobs are likely to be created in the energy sector by 2030, as the number of innovative venture companies will double to 5,000 by then,” he added.

In an effort to enhance energy security, the government has pledged to increase the country’s strategic reserves of key energy resources and deepen international cooperation with the aim of diversifying its import channels for key energy items. industry.

It will strengthen the role of state-owned enterprises in securing overseas resources while actively supporting the private sector in developing their overseas resources.

The government will push for a special law on establishing a “control tower” and an early warning system on national energy security, according to the ministry.


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