South Korea’s Climate, Energy & Environment Minister Kim Sung-hwan said the government will proceed under the 11th Basic Power Supply Plan, which calls for the construction of two large-scale nuclear reactors with a combined capacity of 2,800 MWe, scheduled for completion in 2037 and 2038.

Korea Electric Power Corporation (Kepco) and Vietnam’s state-owned energy company, Petrovietnam (PVN), also signed an MOU to develop a workforce for the nuclear power industry in the Vietnam, which plans to build four nuclear reactors by 2035.

The battery was charged and discharged 10 times, and the performance of the battery was almost unchanged, indicating relatively stable cycling characteristics.

The US, Japan and South Korea have committed to placing US LNG to bolster energy security and for mutual benefits, the countries said in a joint statement following a foreign ministerial trilateral meeting in Brussels on April 3.

Under the teaming agreement - signed in Seoul on 1 April - the cooperation between Fermi Energia and Samsung C&T will focus on key aspects of the project, including the formation of an Engineering, Procurement, and Construction (EPC) partnership, site constructability review, cost estimation, and financing strategies.

KHNP said the contract enables it to diversify its sources of enriched uranium for nuclear power generation, enhancing the stability of its fuel supply.

The United States and Republic of Korea have worked together on civil nuclear power for more than 70 years.

Following the South Korean government's decision to restrict state-owned power-generating companies from importing Russian thermal coal from the spot market towards the end of 2023, Russian exports lost ground to Colombian thermal coal supply in recent months.

South Korea has 25 nuclear power reactors with a total capacity of 24.7 GWe at the end of 2023. According to the state-run utility Korea Hydro & Nuclear Power, in 2022, these plants generated nearly 30% of all electricity, up from 23% in 2018.

Atomic power would need to account for 40% to 45% of electricity supply, from about 30% now, for Korea to zero out its emissions by mid-century,