South Korea Approves Construction of Two New Nuclear Reactors

South Korea's Nuclear Expansion Plan

South Korea has taken a decisive step in its energy policy by approving the construction of two new nuclear reactors. The decision, made by the government on Wednesday, marks a significant shift from the previous administration's nuclear phase-out plan 1

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. This move aligns with President Yoon Suk Yeol's commitment to expanding nuclear power as a crucial component of the country's energy mix.

Details of the New Reactors

The two approved reactors, Shin-Hanul No. 3 and No. 4, will be built in Uljin, about 330 kilometers southeast of Seoul 2

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. These reactors are expected to have a combined capacity of 2,800 megawatts and will be operational by 2032 and 2033, respectively. The total cost of the project is estimated at 12.7 trillion won ($9.5 billion) 1

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Shift in Energy Policy

This decision represents a significant reversal from the previous administration's policy. Former President Moon Jae-in had pledged to phase out nuclear power, citing safety concerns in the wake of Japan's 2011 Fukushima disaster 3

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. However, President Yoon Suk Yeol, who took office in May 2022, has been advocating for nuclear power as a key solution to the country's energy needs.

Rationale Behind the Decision

The South Korean government justifies this move based on several factors:

1. Energy Security: Nuclear power is seen as a stable and reliable source of electricity, crucial for the country's energy independence 2

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2. Economic Benefits: The construction and operation of these reactors are expected to create jobs and stimulate the local economy 1

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3. Climate Goals: Nuclear energy is considered a low-carbon option, aligning with South Korea's commitment to reducing greenhouse gas emissions 3

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Current Nuclear Capacity and Future Plans

South Korea currently operates 25 nuclear reactors, which generate about 30% of its electricity 2

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. The government aims to increase nuclear power's share in the country's energy mix to 34.6% by 2036. This plan includes extending the lifespan of existing reactors and potentially building more new ones 3

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Public Opinion and Safety Concerns

While the government pushes forward with nuclear expansion, public opinion remains divided. Some citizens express concerns about safety, particularly in light of past incidents and the proximity of nuclear plants to populated areas. However, proponents argue that nuclear power is necessary for stable energy supply and achieving carbon neutrality goals 2

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