South Korean president says 'no' to nuclear power use

Nuclear power plants that are dismantled gradually can take up to 60 years.

SEOUL, Korea, Republic Of-South Korea, one of the world's largest nuclear electricity producers, will scrap plans to add nuclear power plants, its president said June 19, signalling a shift in decades of reliance on nuclear energy.

Moon also declared that the government would not seek to extend the life of existing plants.

"In the lead up to the presidential election, I promised to make a safe Republic of Korea", the president said in a ceremony in Busan, marking the permanent shutdown of the country's first nuclear reactor, the Kori-1.

Anchor: President Moon Jae-in has vowed to phase out nuclear power generation in South Korea. "We will completely scrap construction plans for new nuclear reactors that are now under way", the South Korean leader said, adding the Fukushima nuclear disaster in Japan has "clearly proved that nuclear reactors are neither safe, economical nor environmentally friendly". "We will obtain a social consensus as soon as possible, taking into account the safety, construction progress rate, costs and spending as well as reserve power rate", Moon said.

South Korean nuclear technology is now an export business headed by the Korea Hydro & Nuclear Power Company, a subsidiary of the Korea Electric Power Corporation (Kepco), which is 51 percent owned by the South Korean government.

Public support for nuclear power has been undermined by a local scandal in 2010 over forged certificates for spare parts and the 2011 Fukushima meltdown in neighbouring Japan.

Four Sit Atop a Crowded Leaderboard at US Open
Open - one fewer than the number who had done it over the first 116 years of what had been known as the toughest test in golf. Casey overcame a triple-bogey eight at the par-five 14th, his fifth hole, to lift himself into championship contention.

Community events to celebrate life of Jo Cox take place
Speaking at Charvil Village Fair, held in her constituency earlier, Mrs May said: "I think it's highly important. People want a reason to be positive and look forward".

After Otto Warmbier's Release, Will US Ban Travel To North Korea?
Rodman is one of few Americans to have met North Korean leader Kim Jong-un, and has visited the country four times since 2013. One reporter followed up on this point, asking if the past administration could have done more to secure Otto's release.

With the country still setting its long-term energy plans, it is unclear how many will be replaced by new reactors.

Many reactors are located dangerously close to residential areas in the densely populated nation, he added, warning of "unimaginable consequences" in case of a nuclear meltdown.

The conservative administrations of former presidents Lee Myung-bak and Park Geun-hye both pushed for nuclear reactors. "South Korea is not safe from the risk of earthquakes", he said.

Korea presently operates 25 reactors, including Kori-1, and these provide 23GW of energy, or about a third of the country's electricity demand.

The country was the fifth-largest producer of nuclear energy a year ago, according to the World Nuclear Association, with its 25 reactors generating about a third of its electricity. The country is also searching for answers on how and where to permanently store spent nuclear fuel.

Decommissioning Kori Unit 1, meanwhile, is expected to take 16 years at a cost of about $600 million.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

WB Governor sends report to Centre
In Darjeeling , GJM activists sparred with paramilitary personnel, hurling stones from a distance. They want to suppress us using huge police force", GJM General Secretary Roshan Giri said .

Ubisoft E3 2017 Showcase
During the meeting Ismail also stated that in some segments of Assassin's Creed Origins there will be several playable characters. Origins will also feature a new combat system that allows one to engage multiple enemies at once and includes ultra-rare weapons.

Father and daughter die in crash on George Washington Bridge
Crash scene investigators spent several hours inspecting the scene of the crash in an effort to determine exactly what happened. Pentangelo had said that a GMC Acadia with New Jersey plates has crashed into the truck as it has stopped in a traffic lane.

Celtics Back In On Jimmy Butler?
Johnson of the Chicago Tribune reported the Phoenix Suns could be the third team in a multi-club trade involving the Cavs. Butler is expected to opt out of the final year of his contract to capitalise on the NBA's rising salary cap.

White House discussing moving Spicer to senior communications role
And there are days that I'll decide that the president's voice should be the one that speaks and iterate his priorities". And then Spicer said little of anything. "He'll make another comment today at the technology summit.

Chelsea 1st to visit Tottenham at Wembley in Premier League
Following their Europa League group stages, Arsenal's resolve will be tested in matches against Chelsea , Everton and City. Gomez, 20, is highly-rated at Anfield but could move for the whole of next season to earn some much-needed game time.

Gunman who shot top GOP congressman had history of arrests
The shooting took place just after 7am (7pm Malaysian time) as the Republican team practised for the well-loved charity showdown. Bost said they've gotten many more disturbing messages from people over the years and routinely flag them to law enforcement.

Sensex ends higher; RBI keeps key interest rate unchanged
London's FTSE edged higher 0.06 percent. "This prompted the rupee to strengthen against the United States dollar", Desai said. The NSE 50-share Nifty also down 16.65 points or 0.17 percent to 9,647.25, after shuttling between 9,688.70 and 9,641.50.

Dennis Rodman: 'Everybody's going to be happy' with North Korea trip
The condition that Warmbier was in could cause some problems for any ongoing talks between the USA and North Korea . Rodmans previous trips to North Korea in 2013 and 2014 famously included a basketball play that he set up himself.

NY Times: Staff Had to Talk Trump Out of Firing Mueller
Christopher Ruddy, who is the CEO of conservative Newsmax Media, told PBS on Monday night that Trump was "weighing that option". Still, in light of these new reports , many are likely wondering what would actually happen if Trump tried to fire Mueller .

Tropical Storm Bret forms in Atlantic off Venezuelan coast
The area of disturbed weather near the Yucatan Peninsula of Mexico is forecast to move into the Gulf of Mexico early this week. Storm warnings have been issued for Trinidad , Tobago, Grenada and the cost of Venezuela from Pedernales to Cumana.

Refugee who fled Syria violence killed in London fire
You are in London , you are not in Syria. "I said, 'Why didn't you come?" But firefighters never reached the 14th floor. He worked for the Syria Solidarity Campaign in the United Kingdom , which calls for peace and democracy in the country.

TSX slides at the open as financials, energy weigh
FILE PHOTO: A Google search page is seen through a magnifying glass in this photo illustration taken in Berlin on August 11, 2015. Declining issues outnumbered advancing ones on the NYSE by a 1.63-to-1 ratio; on Nasdaq, a 1.78-to-1 ratio favored decliners.

Cosby team triumphant, but sex crime retrial, lawsuits loom
It's likely that Cosby's defense team will try to block a new trial, but legal experts say they are unlikely to prevail. The entertainer is also battling sexual battery or defamation cases still pending by 10 women in California and MA .

Megyn Kelly Sees No Lift From Alex Jones Sitdown
Nicole Hockley's 6-year-old son, Dylan, was among the 20 children and six educators killed at Sandy Hook Elementary School in Newtown.


More News

News
More News