Korea’s nuclear energy industry exports hit new high in 2023

Shin Hanul No. 1 and a couple of reactors / Courtesy of Korea Hydro & Nuclear Energy

Korea’s exports within the nuclear vitality sector reached a document excessive of 32 trillion received ($21.9 billion) in 2023, knowledge confirmed Friday.

The determine represents a 26 p.c improve from the 25.4 trillion received recorded in 2022, in keeping with the Ministry of Commerce, Business and Power.

The Korea Atomic Industrial Discussion board stated the sector’s exports are additionally estimated to have additional gained floor in 2024 following South Korea’s participation in a mission to refurbish an ageing nuclear reactor at Romania’s Cernavoda energy plant.

„In 2025, the federal government will proceed to offer enterprise alternatives and monetary assist to the nuclear vitality trade,“ Second Vice Business Minister Choe Nam-ho stated.

He added the federal government plans to determine a 100 billion-won fund to assist the trade.

„The federal government can even preserve efforts to boost the security of nuclear crops and increase communication with the general public to construct belief,“ Choe stated. (Yonhap)