{"id":2201663,"date":"2023-07-12T08:00:39","date_gmt":"2023-07-11T23:00:39","guid":{"rendered":"https:\/\/koreapro.org\/?p=2201663"},"modified":"2023-07-11T15:15:35","modified_gmt":"2023-07-11T06:15:35","slug":"new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/","title":{"rendered":"New nuclear plants on the cards as South Korea preps energy boost"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Industries minister Lee Chang-yang <\/span><a href=\"http:\/\/www.motie.go.kr\/motie\/ne\/motienewse\/Photonews\/bbs\/bbsView.do?bbs_seq_n=26324&amp;bbs_cd_n=10&amp;currentPage=1&amp;search_key_n=&amp;cate_n=&amp;dept_v=&amp;search_val_v=\"><span style=\"font-weight: 400;\">chaired<\/span><\/a><span style=\"font-weight: 400;\"> the 29th Energy Committee meeting on Monday to address measures to enhance South Korea\u2019s 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last year, nuclear power transactions reported by the Korea Power Exchange accounted for <\/span><a href=\"https:\/\/www.donga.com\/news\/Economy\/article\/all\/20230711\/120169749\/1\"><span style=\"font-weight: 400;\">167,513 GWh<\/span><\/a><span style=\"font-weight: 400;\">, 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.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The potential construction of new nuclear power plants in South Korea takes on greater importance given the country\u2019s plans to create the world\u2019s largest semiconductor cluster\u00a0 \u2014 the <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230315003700320\"><span style=\"font-weight: 400;\">Yongin Semiconductor Cluster<\/span><\/a><span style=\"font-weight: 400;\">. This industrial undertaking will necessitate a significant power supply to ensure smooth and continuous operations. Nuclear energy, known for its high output and dependability, could be instrumental in fulfilling this substantial energy requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Yoon administration\u2019s proposal to increase the proportion of nuclear energy in South Korea\u2019s overall energy consumption could pose challenges for the RE100 commitments made by local businesses. Major South Korean corporations, such as <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230605002051320\"><span style=\"font-weight: 400;\">LG Electronics<\/span><\/a><span style=\"font-weight: 400;\">, have pledged support to <\/span><a href=\"https:\/\/www.there100.org\/\"><span style=\"font-weight: 400;\">RE100<\/span><\/a><span style=\"font-weight: 400;\">, a global initiative advocating the transition to 100% renewable electricity. While nuclear energy contributes to reducing carbon emissions, it is not classified as a renewable energy source because it depends on uranium, a finite resource.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/domestic-politics\/\"><span class=\"tag\">Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Industries minister Lee Chang-yang chaired the 29th Energy Committee meeting on Monday to address measures to enhance South Korea\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2201665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,27],"class_list":["post-2201663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-domestic-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New nuclear plants on the cards as South Korea preps energy boost - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New nuclear plants on the cards as South Korea preps energy boost - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"Industries minister Lee Chang-yang chaired the 29th Energy Committee meeting on Monday to address measures to enhance South Korea\u2019s 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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T23:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T06:15:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2023\/07\/industries.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"New nuclear plants on the cards as South Korea preps energy boost\",\"datePublished\":\"2023-07-11T23:00:39+00:00\",\"dateModified\":\"2023-07-11T06:15:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/industries.png\",\"keywords\":[\"Business &amp; Economy\",\"Domestic Politics\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\",\"url\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\",\"name\":\"New nuclear plants on the cards as South Korea preps energy boost - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/industries.png\",\"datePublished\":\"2023-07-11T23:00:39+00:00\",\"dateModified\":\"2023-07-11T06:15:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/industries.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2023\/07\/industries.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2023\/07\/new-nuclear-plants-on-the-cards-as-south-korea-preps-energy-boost\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New nuclear plants on the cards as South Korea preps energy boost\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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