South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo

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South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo - Korea Economic Daily

Quick Summary:

Under the joint project, the KAERI will design the nuclear reactor while the five firms – POSCO E&C Co., Daewoo Engineering & Construction Co.(Daewoo E&C), Lotte Chemical Corp., SK Ecoplant Co.and Smart Power Co.– will design and build an HTGR power plant.

South Korea has embarked on a 44.5 billion won ($32.3 million) project to jointly develop an advanced gas-cooled nuclear reactor with related domestic companies as part of its initiative to achieve carbon neutrality by 2050.

DECARBONIZATIONIn line with a global initiative to achieve carbon neutrality across industries by 2050, the Korean government is pushing domestic companies to meet low-carbon emission standards, urging them to use nuclear power as an interim alternative to fossil fuels.