Korea Joongang Daily
Korea JoongAng Daily

Local governments compete to host Korea's first SMR, expect trillions of won in economic value

Local governments are competing to host Korea’s first small modular reactor (SMR) amid growing expectations that the market will expand to an astronomical scale due to generous financial support and incentives.

2026-04-25

Gov't targets 20% of power generation through renewable energy by 2030

Korea is targeting at least 20 percent of power generation from renewable energy by 2030 in a bid to lower its heavy reliance on energy imports and respond to growing power demand.

2026-04-06

DL E&C signs $10 million deal with U.S.-based X-energy to develop small modular reactor design

DL E&C will develop a standardized design for small modular reactors (SMRs) for U.S. nuclear energy provider X-energy in a $10 million deal, the Korean construction firm said Wednesday.

2026-03-25

Kepco reports significant losses in overseas nuclear projects

Korea’s overseas nuclear power projects are posting losses, undermining market expectations that reactor exports would deliver strong returns, according to regulatory filings by Korea Electric Power Corporation.

2026-03-24

Samsung Electronics to close its TV plant in Slovakia: Sources

Samsung Electronics will shut down its TV production plant in Slovakia, industry sources said Thursday.

2026-03-20

'What we want also is a car plant': Canadian industry minister urges auto factory-for-navy sub deal

Canadian Industry Minister Mélanie Joly has stressed that her government wants an automobile plant built in Canada in exchange for awarding its next-generation submarine contract to Korea.

2026-02-24

Industry minister vows support for Czech Republic's Korea-led nuclear plant project

Korea's industry minister reaffirmed Seoul's support for the smooth completion of a Korea-led nuclear power plant construction project in the Czech Republic as he congratulated the new prime minister of the European country.

2026-02-18

3 suffer from smoke inhalation in SPC plant fire

A fire broke out at the SPC Samlip plant inside Sihwa Industrial Complex in Siheung, Gyeonggi, Tuesday afternoon.

2026-02-03

Nuclear power plant construction back on, as Lee administration restarts plans for new reactors

The Lee Jae Myung administration is going forward with the construction of two new nuclear power plants that had earlier been put on hold for a public consensus process. It is now facing criticism for wasting time under the pretext of deliberation.

2026-01-26

Sihwa Lake Tidal Power Plant turns national embarrassment into global model

The Sihwa Lake Tidal Power Plant in Ansan, Gyeonggi, offered a reversal of fortunes for a water quality initiative once considered Korea's worst national project to become a global model in tidal power generation.

2025-12-12