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South Korea Reaffirms Two New Nuclear Reactors for 2037–38

Officials set a 2027 site bid plus a 2031 safety review target to meet surging AI and EV power demand.

Overview

  • Climate Minister Kim Sung-whan said the projects will proceed under the forthcoming 12th power plan covering 2026–2040.
  • Korea Hydro & Nuclear Power will run a public bidding process to choose host cities or towns, with selections targeted by 2027.
  • The operator plans to secure Nuclear Safety and Security Commission approval by 2031 to keep the construction timeline on track.
  • The move continues the previous administration’s 11th basic plan, confirming completion of the two large reactors in 2037–2038.
  • Government-commissioned polls last week showed broad backing for nuclear power, with about 80% saying it is needed and roughly 60% supporting new construction, as the plan aims to cut coal and LNG use en route to 2050 carbon neutrality.