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KEPCO E&C seeks government R&D project for offshore SMR "BANDI"

KEPCO E&C is accelerating the development of its proprietary offshore small modular reactor BANDI. Under relevant plans, the company intends to include BANDI in a government R&D project led by the private sector, leveraging national R&D funding to advance standard design, engineering verification, and subsequent commercialization preparation. It is understood that KEPCO E&C is organizing a government R&D initiative for offshore SMRs, with the company aiming to serve as the lead organization to develop a standard design for offshore SMRs applicable to power generation ships and nuclear-powered vessels. The project is currently in the preliminary planning stage, with plans to submit a project proposal and tender documents early next year, and following review, to secure...

2026-08-06

South Korea's Woori Technology Completes KRW 40 Billion Convertible Bond Financing to Bolster Nuclear Power and SMR Businesses

Woori Technology, a South Korean company specializing in nuclear power plant Man-Machine Interface Systems (MMIS) and related instrumentation and control equipment, announced on August 6 that it has decided to issue the 20th series of unregistered, unsecured private convertible bonds (CBs) totaling KRW 40 billion. The raised funds will be primarily used for nuclear power, small modular reactor (SMR), offshore wind power, and resource recycling businesses. The maturity date of these convertible bonds is August 13, 2031, with a conversion price of KRW 10,717 per share. Both the coupon rate and yield to maturity are 0%, which helps the company secure long-term funding for core business investments while controlling financial costs. Woori Technology stated that the raised funds...

2026-08-06

South Korea advances plan to produce medical isotopes using nuclear power plants, with lutetium-177 targeted for commercial production in 2031

South Korea is advancing plans to industrialize the production of radioisotopes using nuclear power plants, with the medical isotope lutetium-177 (Lu-177) designated as the first commercial target product. Korea Hydro & Nuclear Power stated that it plans to prioritize the commercialization of Lu-177 production, with the potential to later expand the product range to include isotopes such as cobalt-60, tritium-3, and helium-3. Lu-177 is a therapeutic radioisotope widely used in the global radiopharmaceutical market, applicable in radiopharmaceuticals for diseases such as prostate cancer and neuroendocrine tumors. Previously, South Korea relied entirely on imports for its Lu-177 supply. Due to its half-life of approximately 6.6 days, the entire process from production and transportation to drug preparation and patient administration...

2026-08-06

A batch of radioactive waste from the Korea Atomic Energy Research Institute deemed unsuitable for disposal due to documentation discrepancies

According to disclosures by relevant parties on August 5, a batch of radioactive waste shipped last year by the Korea Atomic Energy Research Institute (KAERI) to the low- and intermediate-level radioactive waste disposal facility (RWDF) in Gyeongju, North Gyeongsang Province, was deemed unsuitable for batch disposal due to inconsistencies between the declared documentation and actual contents. The Korea Radioactive Waste Agency (KORAD) conducted inspections after receiving the waste. KAERI shipped a total of 694 drums of radioactive waste to the disposal facility last year, of which 69 drums were inspected, and 32 were found to be non-compliant. The primary reason for non-compliance was discrepancies between the contents of the documents submitted by the institute and the actual inspection results after receipt. As a result, this batch of waste from the Korea Atomic Energy Research Institute...

2026-08-06

KHNP and Aboitiz Power Sign MOU on Nuclear Power Cooperation

Korea Hydro & Nuclear Power (KHNP) announced on August 5 that it recently signed a Memorandum of Understanding (MOU) on nuclear power business cooperation with Aboitiz Power Corporation, a major private energy company in the Philippines, at its headquarters in Gyeongju, Korea. The two parties will strengthen cooperation around the development of nuclear power projects in the Philippines, advancing the exchange of nuclear technology information and preliminary studies for new nuclear power plant construction. At the signing ceremony, Choi Il-kyung, Head of Business Operations at KHNP, and Carlos Ramon Aboitiz, Head of Corporate Support at Aboitiz Power, signed the document on behalf of their respective companies. Also present at the ceremony were Danel Aboitiz, President of Aboitiz Power, and Philippine Energy Secretary Sharon...

2026-08-05

South Korea Launches Emergency Safety Inspection of Nuclear Facilities Amid Heatwave

The Nuclear Safety and Security Commission (NSSC) of South Korea announced on August 5 that, due to the ongoing nationwide heatwave, it will conduct an emergency inspection of the safety status and emergency response preparedness of nuclear facilities, including nuclear power plants. The inspection was conducted via video conference, with participation from personnel of the NSSC's six regional offices, safety regulatory agencies, and Korea Hydro & Nuclear Power (KHNP). The inspection focused on the potential impact of rising seawater temperatures used for cooling nuclear power plants. The NSSC verified the performance of relevant measuring instruments and heat exchangers, and examined KHNP's on-site emergency response status and handling procedures. The design temperature limits for seawater intake at South Korea's nuclear power plants range from 31 to 36.1 degrees Celsius. Due to climate change, the risk of high seawater temperatures is gradually emerging. In 2024, seawater temperatures in the waters off all South Korean nuclear power plants, except for the area around Shin-Hanul Units 1 and 2, reached record highs.

2026-08-05

Holtec, Entergy, and Hyundai Engineering & Construction Partner to Evaluate SMR-300 Deployment Opportunities in the Southern United States

On August 4, local time, Holtec International, Entergy Services, LLC, and Hyundai Engineering & Construction Co., Ltd. (HDEC) announced a strategic collaboration to jointly evaluate potential opportunities for deploying Holtec's SMR-300 advanced small modular reactor within Entergy's service territory to power large-load customers. The collaboration is established through a non-binding memorandum of agreement. Under the arrangement, the three parties will conduct assessments around a potential two-unit SMR-300 project, focusing on customer demand,...

2026-08-05

South Korea to Launch Hearings on 12th Power Supply and Demand Plan, New Nuclear Projects Under Review

South Korea's Ministry of Climate, Energy and Environment stated on August 4 that the government will advance procedures for the 12th Basic Plan for Power Supply and Demand, with the issue of new nuclear power plants to be included in public discussion and subsequent review. Kim Sung-hwan, Minister of Climate, Energy and Environment of South Korea (Photo source: Yonhap) South Korea's Climate Change Minister Kim Sung-hwan stated that the format and number of sessions for the public hearings on the 12th Basic Plan for Power Supply and Demand will be finalized this week, with plans to accelerate related procedures starting next week. Under the current schedule, the government intends to form a planning proposal in September or October and submit it for review through established procedures after completing public consultation. Regarding the issue of new nuclear power plants, Kim Sung-hwan stated...

2026-08-05

South Korea Designates SMR and MMR as National Strategic Technologies; South Gyeongsang Province Says It Will Promote Transition of Nuclear Power Companies

South Gyeongsang Province said on August 4 that it welcomes the South Korean government's designation of Small Modular Reactors (SMR) and Micro Modular Reactors (MMR) as national strategic technologies in the 2026 tax reform plan. Under the relevant arrangement, the South Korean government will revise the Special Tax Treatment Control Act and its enforcement decree to include industries related to small modular reactors of 300 MW or less and micro modular reactors of 20 to 30 MW class within the scope of national strategic technologies. Going forward, companies conducting R&D on SMR and MMR technologies or investing in related facilities will be eligible for higher tax credits for R&D and facility investment. South Gyeongsang Province believes that this policy will provide an opportunity for local nuclear power companies to transition into the SMR...

2026-08-05

South Korea Accelerates Safety Reviews of Long-Term Operating Nuclear Reactors and Advances Licensing of First Spent Fuel Dry Storage Facility

The Nuclear Safety and Security Commission (NSSC) of South Korea stated at its second-half work report meeting on August 4 that it will accelerate safety reviews of long-term operating nuclear reactors while simultaneously advancing regulatory efforts such as licensing systems for spent fuel dry storage facilities and small modular reactors. Under the plan, the NSSC will conduct safety inspections on nine reactors applying for continued operation, with review standards referencing newly built nuclear power plants and confirming safety margins in consideration of the characteristics of long-term unit operation. Among these, whether Kori Nuclear Power Plant Units 3 and 4 will be approved for continued operation in the second half of this year, and whether Hanbit Nuclear Power Plant Units 1 and 2 will be approved for continued operation in the first half of next year, are the near-term review priorities...

2026-08-05

T-Robotics to Participate in South Korea's Radioactive Waste Management Robot Demonstration Project

T-Robotics, a South Korean industrial humanoid robot and autonomous mobile robot (AMR) company, announced on August 4 that it has signed a memorandum of understanding to advance the 2026 large-scale integrated robot demonstration project. The MOU was jointly signed by T-Robotics, the Korea Radioactive Waste Agency (KORAD), Klobot, and the Gyeongbuk ICT Convergence Industry Promotion Association. The parties plan to jointly pursue a government demonstration project targeting high-risk radioactive waste safety management scenarios, exploring the collaborative application of multiple types of robots in radioactive waste disposal facilities. Under the agreement, the participating organizations will establish...

2026-08-04

South Korea's Deepnoid Signs M4CXR Supply Contract with Pusan National University Hospital

On August 3, Deepnoid announced the signing of a supply contract for M4CXR with Pusan National University Hospital. M4CXR is a generative AI-based preliminary report generation solution for chest X-rays that generates preliminary reports during chest X-ray examinations to assist medical staff in image interpretation. This is the first supply agreement signed after M4CXR received approval from the Ministry of Food and Drug Safety of South Korea for market release as a digital medical device. According to the introduction, the system is expected to improve the efficiency of chest X-ray reading and provide clinical support for the early detection of lung diseases and suspected cancerous lesions. This collaboration is also part of the AI clinical system support project for regional responsible medical institutions under the Ministry of Health and Welfare of South Korea...

2026-08-03

South Korea's Trade Minister Meets Governors of 11 U.S. States to Expand Nuclear Power and Shipbuilding Cooperation

South Korea's Ministry of Trade, Industry and Energy stated on August 2 that the Trade Negotiation Minister attended the 2026 National Governors Association (NGA) Summer Meeting in Oklahoma City from July 30 to August 1, during which he held a series of meetings with governors from 11 states including Tennessee, Colorado, Wyoming, North Carolina, Delaware, Minnesota, Oklahoma, Utah, Maryland, South Dakota, and Vermont, calling for expanded cooperation in high-tech and strategic industries such as nuclear power, shipbuilding, and batteries, and requesting support from state governments for Korean companies' investments and local operations in the U.S. Reports indicate that the U.S. Department of Energy is advancing the Nuclear Life-cycle Innovation Campus (NLIC) project, and on the 28th of last month...

2026-08-03

Follow-up consultations on ROK-US nuclear-powered submarine and nuclear cooperation agreement progress slowly

According to a South Korean diplomatic source on July 31, South Korea and the United States have yet to finalize the schedule for the second working-level consultation, and the follow-up talks originally planned for July have not yet taken place. The consultations are aimed at implementing the security-related agreements outlined in the joint statement issued at last year's summit between the two countries, including South Korea's introduction of nuclear-powered submarines and the revision of nuclear cooperation arrangements regarding uranium enrichment and spent nuclear fuel reprocessing. The two sides previously held their first working-level consultation in Seoul on the 2nd and 3rd of last month. U.S. Under Secretary of State for Political Affairs Allison Hooker led a cross-agency delegation to South Korea at the time to discuss the implementation of the security agreement with the South Korean side. Observers...

2026-08-02

Kangbuk Samsung Hospital in South Korea Validates Precision of New-Generation Surface-Guided Radiation Therapy System

The research team from the Department of Radiation Oncology at Kangbuk Samsung Hospital in South Korea announced on July 31 that they have completed validation of the geometric accuracy and respiratory tracking performance of a new-generation surface-guided radiation therapy system. The research findings have been published in the latest issue of the international academic journal *Radiation Physics and Chemistry*. In breast cancer radiotherapy, the deep inspiration breath-hold technique is commonly used in clinical practice to reduce radiation exposure to the heart and lungs. Traditional procedures typically require tattoo marks or drawn guide lines on the patient's skin surface, along with wearing sensors to monitor respiratory motion, which somewhat compromises treatment convenience and patient comfort. The new-generation surface-guided radiation therapy system validated in this study utilizes 3D stereoscopic cameras and thermal imaging technology...

2026-08-02