South Korea’s new government stops nuclear reactor plans

This video says about itself:

Korea’s first nuclear power reactor turned off for good

19 June 2017

South Korea‘s first nuclear reactor is now off,… and off for good.

The Kori-1’s retirement ceremony on Monday was attended by President Moon Jae-in himself.

The president says he wants to make South Korea a nation that doesn’t need to rely on nuclear power for its energy needs.

Hwang Hojun starts us off.

It was built in 1977, and 40 years later…

“As of 12 AM on June 19th, 2017, Korea has permanently shut down its first nuclear reactor, Kori-1.”

From daily The Morning Star in Britain:

Moon jumps off nuclear wagon

Tuesday 20th June 2017

PRESIDENT Moon Jae In scrapped plans for new nuclear power plants yesterday, signalling a shift in decades of South Korea’s reliance on nuclear energy.

He said that the country would move away from nuclear energy and not seek to extend the life of existing plants.

Mr Moon also vowed to cut South Korea’s reliance on coal, shutting 10 old coal-powered plants and not building any more.

“So far South Korea’s energy policy pursued cheap prices and efficiency. Cheap production prices were considered the priority while the public’s life and safety took a back seat, but it’s time for a change,” the president said at a ceremony marking the closure of the country’s oldest power plant, Kori 1, in Busan.

Greenpeace and other environmental groups welcomed Mr Moon’s announcement.

Since the Kori 1 reactor went online in 1978, the resource-poor country has added 24 nuclear power plants to meet rising demand for electricity from rapid industrialisation and economic development.

A third of electricity in South Korea was produced from nuclear power plants last year.

South Korea has also exported nuclear-reactor technology. Former president Lee Myung Bak helped local companies win billions pounds of deals to build a nuclear reactor in the United Arab Emirates.

But South Koreans’ enthusiasm for nuclear energy quickly waned following the 2011 Fukushima meltdowns in neighbouring Japan.

To decommission Kori 1, South Korea plans to invest in developing its own decommissioning technology and experts in the area.

Decommissioning will take at least 15 years and cost 643.7 billion won (£445 million).

5 thoughts on “South Korea’s new government stops nuclear reactor plans

  1. Thursday 24th August 2017

    posted by Morning Star in World

    SOUTH KOREA rejected US calls yesterday to revise the five-year-old bilateral Free Trade Agreement (FTA), which the Trump administration claims is harming US workers.

    Speaking after a video conference with US trade representative Robert Lighthizer, Trade Minister Kim Hyung Chong said Seoul proposed a joint study with Washington to evaluate the impact of the bilateral trade deal and the cause of the US trade deficit.

    “We did not agree to the unilateral proposal from the US to amend the Korea-US FTA,” he said.

    Following Mr Kim’s comments, Mr Lighthizer said: “Unfortunately, too many American workers have not benefited from the agreement,” adding that US President Donald Trump was “committed to substantial improvements” in the deal.

    At a rally in Phoenix, Arizona, on Tuesday, Mr Trump said he would “end up probably terminating” the North American Free Trade Agreement despite ongoing talks with the other members Canada and Mexico.


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