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June 28, 2017

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Seoul to halt work on nuclear reactors

SOUTH Korea’s government said yesterday it would suspend construction of two partially-completed nuclear reactors while it gathers public opinion on the facilities and decides whether they should be scrapped.

The government said in a statement it would form a committee that would spend about three months deciding if construction should continue.

The move comes after new president Moon Jae-in said South Korea would stop building new nuclear power plants and not extend the lifespan of old reactors to address public concerns over atomic safety.

The partly-completed Shin Kori No.5 and Shin Kori No.6 are near the city of Busan, about 300 kilometers southeast of Seoul. They were scheduled to be completed by March, 2021, and March, 2022, respectively.

If construction was scrapped, potential costs including compensation would be about 2.6 trillion won (US$2.3 billion), the Office for Government Policy and Coordination said in the statement.

South Korea is running 24 nuclear reactors after it permanently closed its oldest nuclear reactor, Kori No.1, last week. Nuclear power generates about one-third of the nation’s electricity.




 

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