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South Korea's DaeChang Solution Secures Special Steel Contract for French Nuclear Power Turbines

South Korean steel casting manufacturer DaeChang Solution Co. announced on August 21 that it has signed a special steel supply contract with Arabelle Solutions France, with the products to be used in steam turbines for small modular reactors (SMRs) and large nuclear power plants. According to the announcement, the contract value is EUR 50.7649 million, equivalent to approximately KRW 82.631 billion based on the initial market exchange rate of KRW 1,627.72 per euro on the contract signing date. This amount represents 138% of DaeChang Solution's 2025 consolidated sales of KRW 59.877 billion. Of the contract value, 70% is a fixed amount, i.e., EUR 37.2055 million...

2026-08-21

South Korea Raises 2040 Electricity Demand Forecast, Increment Equivalent to 19 Large Nuclear Power Units

A forum on the formulation of South Korea's 12th Basic Plan for Electricity Supply and Demand was held in Seoul on August 20. The new round of electricity demand forecasts submitted at the meeting showed that by 2040, South Korea's annual maximum electricity demand is expected to reach 158.4 GW to 165.0 GW, an upward revision of 26.6 GW to 26.8 GW compared to the forecast proposed in April this year. Based on the 1.4 GW single-unit capacity of the AP1400 large nuclear power unit under construction in South Korea, the increment in electricity demand from this upward revision is equivalent to the electricity provided by approximately 19 large nuclear power units operating at full power. The previous April forecast for the 2040 annual maximum electricity demand was 131.8 GW to 138.2 GW. The new forecast reflects semiconductor industry clusters...

2026-08-21

Korea Advances Construction of Temporary Spent Fuel Dry Storage Facility at Hanbit Nuclear Power Plant

Korea Hydro & Nuclear Power (KHNP) is advancing the construction of a temporary spent fuel storage facility at the Hanbit nuclear power plant site. The company recently launched an information session process for local residents, planning to collect opinions through briefings and discussion meetings. According to the schedule, three briefing sessions will be held on the 25th and 26th of this month in Yeonggwang County, South Jeolla Province. The first session is set for 2:00 PM on the 25th at the Hongnong Community Center, with the other two held at 10:00 AM and 3:00 PM on the 26th at the Gunam-myeon Multipurpose Center and Starlight Hotel, respectively. Following the briefings, a discussion meeting will be held on the 1st of next month at 2:00 PM at the Starlight Hotel, with Korea Electric Power Corporation (...

2026-08-21

Korean Research Team Reveals Mechanism Behind Neutron Irradiation-Induced Reliability Degradation in Ferroelectric AI Semiconductors

Jeonbuk National University announced on the 20th that a research team led by Professor Bae Hak-yeol from the Department of Electronic Engineering at its College of Engineering, in collaboration with Professor Kim Tae-wan's team at Seoul National University and Q-Beam Solution, a startup affiliated with the Korea Atomic Energy Research Institute, conducted a joint study analyzing the causes of performance degradation in next-generation ferroelectric memory and neuromorphic semiconductor devices under neutron irradiation. The findings have been published in the latest issue of ACS Applied Electronic Materials. Ferroelectric semiconductors, which can maintain their polarization state even after power is disconnected, are considered a key candidate for next-generation non-volatile memory and neuromorphic computing devices. Neuromorphic computing aims to simultaneously implement both memory and computation within a single device...

2026-08-20

Yonsei Cancer Hospital in South Korea Expands Heavy Ion Radiotherapy Indications, Three Systems Operating Simultaneously

Yonsei Cancer Hospital in South Korea recently announced that it has further expanded the indications for heavy ion radiotherapy to include head and neck cancer, sarcoma, and recurrent rectal cancer. Since becoming the first hospital in South Korea to perform heavy ion radiotherapy for prostate cancer in 2023, the hospital has gradually expanded its treatment scope to cover pancreatic cancer, liver cancer, lung cancer, and other cancer types. Medical staff, including Proton Therapy Center Director Kim Woong-sub (left), are preparing for proton therapy. (Photo provided by Yonsei University Medical Center) Meanwhile, the hospital's second rotating heavy ion radiotherapy system has been fully commissioned. This brings the hospital to a configuration of one fixed-beam system and two rotating systems operating simultaneously. The hospital...

2026-08-20

South Korea plans to build an innovative self-developed fusion reactor by 2035

Yang Hyeong-ryeol, head of the fusion sector of the K-Moonshot project at the Korea Institute of Fusion Energy (KFE), recently stated that South Korea plans to complete the construction of an independently developed innovative fusion reactor by 2035 and strives to complete power generation demonstration by 2039. He said that nuclear fusion is an extremely challenging technical endeavor, but once a breakthrough is achieved, it will have broad driving effects on the energy, industrial, and technological systems. Yang Hyeong-ryeol, project director of South Korea's Moonshot program, said nuclear fusion is often called an artificial sun because it generates energy by simulating the energy production process inside the sun. Against the backdrop of rapid expansion of AI applications, rising electricity demand, and increasing global pressure for carbon reduction, the commercialization of fusion energy is attracting growing attention from more countries and enterprises. The South Korean government has listed nuclear fusion, along with small modular reactors and renewable energy, as key future technology directions, and hopes to advance the commercialization of fusion energy through public-private partnerships.

2026-08-20

South Korea's Woori Technology Wins Supply Contract for Control Systems for Kori Nuclear Power Plant Units 3 and 4

Woori Technology announced on August 20 that it has signed a supply contract with Korea Hydro & Nuclear Power (KHNP) to provide equipment and technical support for the Plant Monitoring System (PMS) facility improvement project for Units 3 and 4 of the Kori Nuclear Power Plant. According to the disclosed information, the contract amount is KRW 8.4726 billion, approximately KRW 8.5 billion, excluding value-added tax, accounting for 9.72% of Woori Technology's consolidated sales in 2025. The contract period runs from August 19, 2026 to February 21, 2028, with sales and supply limited to South Korea, and the supply method is in-house production. Under the contract arrangement, Woori Technology will...

2026-08-20

TerraPower Plans to Deepen South Korean Supply Chain Cooperation to Advance K-Sodium SMR Business Model

TerraPower CEO Chris Levesque recently stated that South Korea possesses strong nuclear supply chain capabilities, with both a foundation in small modular reactor (SMR) construction and familiarity with the stable power demands of AI data centers, semiconductors, and other industries. TerraPower plans to further strengthen cooperation with South Korean companies in supply chain and project manufacturing. Levesque stated that small modular reactors are not a technology intended to replace traditional large-scale nuclear power plants, but rather a new class of energy solution targeting incremental electricity demand in the AI era. He recently met with TerraPower Chairman Bill...

2026-08-19

South Korea Has Not Yet Decided Whether to Include New Nuclear Power in the 12th Basic Plan for Electricity Supply and Demand

South Korea's Minister of Climate, Energy and Environment, Kim Sung-hwan, said during a meeting with reporters at the Sejong Government Complex on August 18 that the government has not yet reached a conclusion on whether to include new nuclear power plants in the 12th Basic Plan for Electricity Supply and Demand. Kim said that government policy cannot be determined solely by the personal will of the minister in charge, and it is not appropriate to make premature statements at this stage. He emphasized that related matters will be decided after going through the necessary deliberation process. Regarding whether nuclear power will be included in the 12th Basic Plan for Electricity Supply and Demand, the government plans to clarify the direction of discussion as soon as possible, including how public opinions will be reflected, how the review procedures involving experts and public participation will be structured, and what methods will be used to conduct debates or public discussions before the plan is released...

2026-08-19

Automatic Shutdown of Unit 4 at South Korea's Hanul Nuclear Power Plant, Regulator Launches Investigation

The Nuclear Safety and Security Commission (NSSC) of South Korea reported on August 19 that Korea Hydro & Nuclear Power Co., Ltd. (KHNP) had reported the same day that Unit 4 of the Hanul Nuclear Power Plant, located in Uljin County, North Gyeongsang Province, automatically shut down at approximately 8:50 a.m. The NSSC stated that Unit 4 of the Hanul Nuclear Power Plant is currently in a stable condition. No abnormal alarms were triggered by on-site radiation monitors, and no leakage of radioactive materials to the outside environment has been detected. According to the notification, the NSSC's regional office for the Hanul Nuclear Power Plant is conducting inspections of on-site safety conditions. The regulatory body also plans to dispatch an investigation team comprising experts from the Korea Institute of Nuclear Safety (KINS) to the site to further confirm the cause of the automatic shutdown and related safety conditions.

2026-08-19

Korea's COSMAX Partners with Pohang Accelerator Laboratory to Use Synchrotron Radiation Accelerator for Cosmetics R&D

COSMAX, a global cosmetics ODM company, announced on the 18th that it has signed a memorandum of understanding with the Pohang Accelerator Laboratory (PAL) in Korea to conduct cosmetics R&D using advanced scientific and technological infrastructure such as the synchrotron radiation accelerator. At the MOU signing ceremony held at the Pohang Accelerator Laboratory, COSMAX Group Chairman Lee Kyung-soo (left) poses with PAL Director Kim Jae-young. / Photo provided by COSMAX. According to reports, the Pohang Synchrotron Radiation Accelerator (PLS-II) operated by the Pohang Accelerator Laboratory generates light more than 10 billion times brighter than sunlight, enabling atomic-scale analysis of nanoscale material structures. Currently, the facility has been used for microstructural research across multiple industrial fields, including new drugs, semiconductors, and new materials.

2026-08-18

Gyeongju City, South Korea, Promotes Cooperation with Uzbekistan in Nuclear Power and Water Resources

Gyeongju City, South Korea, is pushing to expand exchange and cooperation with Uzbekistan in areas such as nuclear power and water resource management. Gyeongju City stated on August 13 that Mayor Joo Nak-young met with an economic delegation from Kashkadarya Province, Uzbekistan, at the external cooperation office in the city hall that day. The delegation included Deputy Mayor of Bukak City Karimov Bakhtiyor Ismoilovich, as well as business figures from major industrial sectors in Kashkadarya Province. Prior to visiting the Gyeongju City government, the delegation toured the Wolseong Nuclear Power Plant operated by Korea Hydro & Nuclear Power (KHNP), as well as Gyeongju City's public sewage treatment plant and water quality research building. The delegation gained on-site insights into...

2026-08-18

South Korea's Gyeongbuk East Coast Nuclear Power Belt Proposed as National AI Training Center

On August 17, the Gyeongbuk Research Institute proposed developing the nuclear power-concentrated region on the east coast of North Gyeongsang Province into a national artificial intelligence (AI) training center to accommodate high-energy computing demands such as large-scale model training and retraining. The research suggests that if the South Korean government expands AI data centers to 18.4 gigawatts in the long term, power supply and grid connection capacity in the capital area and metropolitan regions could approach their limits. To alleviate power and network load pressures, real-time inference and user-facing services could be deployed in the capital area and major cities, while large-scale training and retraining facilities could be located in developing regions with access to power sources. The east coast of North Gyeongsang Province is home to Hanul...

2026-08-18

South Korea's Nuclear Expansion Faces Fuel Supply Pressure as Enriched Uranium Costs Surge Nearly Sixfold in Seven Years

Against the backdrop of accelerating global nuclear power construction and surging electricity demand from AI data centers, the nuclear fuel supply chain is facing new tensions. Due to limited uranium enrichment capacity and sanctions affecting Russian-related supplies, international uranium enrichment prices have risen sharply over the past seven years. South Korea's nuclear expansion plans are consequently facing fuel procurement pressure, with industry experts concerned that if mid- to long-term nuclear fuel security proves insufficient, newly built nuclear units could face operational risks in the future. Korea Hydro & Nuclear Power (KHNP) recently disclosed that South Korea's domestic annual enriched uranium consumption is expected to increase from approximately 460 tons currently to about 540 tons next year. The rising demand mainly stems from the overlap between life-extension operations of some older nuclear units and the commissioning of new units...

2026-08-18

Hyundai E&C Signs Framework Agreement with TerraPower for Natrium Nuclear Power Plant Project

Hyundai Engineering & Construction announced on the 18th that it has signed a framework agreement with U.S. nuclear energy company TerraPower for the execution of the Natrium next-generation nuclear power plant project. Under the agreement, Hyundai E&C has been granted priority status to serve as the engineering, procurement, and construction (EPC) general contractor for up to eight additional Natrium nuclear units developed by TerraPower. The signing ceremony was attended by senior executives from both companies, including Hyundai E&C CEO Lee Han-woo and TerraPower CEO Chris Levesque. The two parties plan to expand cooperation in the nuclear energy sector and jointly explore new business opportunities...

2026-08-18