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Keyword：South Korea SMR
South Korea's SMR Special Act Takes Effect, Aiming to Commercialize Light Water SMRs by 2035
On September 11, 2026, the South Korean Ministry of Science and ICT (MSIT) announced that the Special Act on the Promotion of and Support for the Development of Small Modular Reactors, along with its enforcement decree, which aims to promote the research and development, demonstration, and commercialization of small modular reactors (SMRs), took effect on that day. Against the backdrop of growing electricity demand driven by the rapid spread of artificial intelligence and data centers, the South Korean government plans to increase support for the SMR sector through measures such as seven SEED projects. Under the Special Act and its enforcement decree, MSIT will formulate a basic plan for small modular reactor system development every five years, and prepare annual implementation...
2026-09-12
South Korea Designates SMR as National Strategic Technology, Tax Incentives to Drive New Investment in Nuclear Supply Chain
The South Korean government's inclusion of Small Modular Reactors (SMR) in its national strategic technology support scope signals that its energy and industrial policies are extending from traditional large-scale nuclear power plants to next-generation nuclear technologies. SMRs feature modular manufacturing, relatively shorter construction periods, and higher site flexibility, making them a key direction for South Korea in balancing energy security, low-carbon transition, and advanced manufacturing upgrades. This policy has gained support from South Korea's nuclear industry, with the key being that national strategic technology status typically entails tax credits and other incentives for corporate R&D, equipment investment, and related capital expenditures. For companies involved in nuclear equipment, castings and forgings, control systems, engineering design, and fuel-related businesses...
2026-08-10