Industries minister Lee Chang-yang chaired the 29th Energy Committee meeting on Monday to address measures to enhance South Korea’s power supply capacity, including the construction of new nuclear power plants and the development of an advanced power grid. Lee highlighted the importance of a stable and efficient power supply and timely responses to escalating power demand.

Last year, nuclear power transactions reported by the Korea Power Exchange accounted for 167,513 GWh, marking it as the second-largest source of energy on the grid. Coal-fired power plants dominated the energy market with the highest trading volume of 185,907 GWh.

Why It