South Korea's Nuclear Safety Regulatory Budget for 2027 Rises to KRW 303 Billion
The Nuclear Safety and Security Commission (NSSC) of South Korea announced on September 1 that it has allocated KRW 303 billion for the 2027 budget, an increase of KRW 10.4 billion from this year. The new budget focuses on areas such as small modular reactor regulation, spent nuclear fuel safety, nuclear facility decommissioning review, environmental radiation monitoring, and nuclear safety information disclosure. Regarding small modular reactors, as non-light water reactor-type small modular reactor development projects aim to obtain licenses by the early 2030s, South Korea will invest KRW 8 billion in R&D to establish a new safety evaluation system. In addition, in line with the preliminary review system set to take effect in November this year, the government has allocated KRW 2.7 billion to conduct preliminary reviews of non-light water reactor-type small modular reactors expected to file applications next year. This system allows applicants to request regulatory review of reactor designs before formally submitting license applications.
2026-09-02
