Biz-novosti

Korea's first nuclear power reactor turned off for good


The speech was Moon's followup on his presidential campaigns to cut coal and nuclear power.

Moon said plans for new power reactors will be cancelled and the operating periods of existing units will not be extended beyond their design life.

The new President of South Korea, Moon Jae-in has committed his country to phasing out all coal and nuclear power stations suggesting a major change in energy policy for the Asian state.

"So far, South Korea's energy policy pursued cheap prices and efficiency".

"The government will not extend the operational life cycle of nuclear reactors".

He noted that with the world's highest density of nuclear power plants, South Korea is no longer safe during earthquakes. "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.

Verizon finalizes $4.48 billion purchase of Yahoo
About 2,000 Yahoo and AOL workers are expected to lose their jobs as Verizon trims expenses and eliminates overlapping positions. Yahoo's stake in the e-commerce giant, Alibaba, and Yahoo Japan will be diverted into a holding company called Altaba, Inc.

South Korea's oldest nuclear reactor Kori No.1 was permanently shut down at midnight on Sunday after reaching the end of its 40-year-lifespan, the first South Korean nuclear power plants to be closed permanently. Its nuclear power production from 25 nuclear plants in 2016 was the fifth-largest in the world, according to the World Nuclear Association. He said the seismic resistance of the country's nuclear power plants - which had been reinforced since the March 2011 Fukushima Daiichi accident in Japan - would be re-examined.

The former president Lee Myung-bak saw nuclear as an important source of clean energy, while Park wanted to increase the number of reactors to 36 by 2029.

The city of Busan on South Korea's southeastern coast said Monday it will strengthen cooperation with the Argonne National Laboratory, a research institute funded by the U.S. Department of Energy, on decommissioning nuclear reactors following the shutdown of a commercial nuclear reactor in the city.

To decommission the Kori 1 reactor, South Korea plans to invest developing its own decommissioning technology and experts in the area.

He hailed the shutdown of the reactor, calling it the start of the country's journey to becoming a nuclear-free nation and a safer South Korea.

At the same time, spent nuclear fuel will be cooled for 6 to 7 years and then transferred by December 2025 to a yet-to-built dry storage facility able to store a total of 1,391 spent fuel bundles. The decommissioning will take at least 15 years and cost 643.7 billion won ($569 million), the energy ministry said.

Related Articles

  • CNN's Jim Acosta Chides White House for 'Suppression of Information'

    CNN's Jim Acosta Chides White House for 'Suppression of Information'

    Some networks, like CNN , MSNBC, and C-SPAN, have instead carried the audio of the briefings live. I don't understand why we covered that gaggle today, quite honestly, Brooke.
    Cristiano Ronaldo starts but Portugal held by Mexico in Confederations Cup

    Cristiano Ronaldo starts but Portugal held by Mexico in Confederations Cup

    We played without confidence, couldn't connect two or three passes. "In the end the result was fair as Mexico also played well". They wouldn't keep their lead into half-time though, Javier Hernandez drawing Mexico level just before the interval.

    Turkish leader's security officers charged with assault in Washington

    Likewise, the US Ambassador to Turkey was summoned before Turkish officials who objected to the way the situation was handled. Erdogan said the United States had no right to arrest his guards, who he said were protecting him from "terrorists".
  • Lonzo Ball's draft stock stays strong with Lakers watching

    The Suns' interest in Ball is understandable as a true point guard who averaged an NCAA-best 7.6 assists per game last season. Majority are looking for players who will come in and start right away and see if they have someone they can build around.
    Arkansas' congressional delegation safe; Tyson worker among victims in shooting outside DC

    Arkansas' congressional delegation safe; Tyson worker among victims in shooting outside DC

    Tonight the MI delegation and staff will wear white ribbons for our friend & fellow Michigander, Matt Mika . Tyson Foods confirmed to CBS that Mika was in surgery after being transported to the hospital.

    America's Cup Boat Capsize Spectacularly-But Team Still Leads Semifinal

    New Zealand, helmed by Peter Burling, won the day's first race by 31 seconds to move one race from eliminating the British crew. The New Zealand team started just behind BAR, but stuck to then and midway through the race got a chance to pass and took it.
  • White House denies Trump wants Mueller out, but heat's on

    White House denies Trump wants Mueller out, but heat's on

    Sessions recused himself from investigations related to the Trump campaign in February, a move that also provoked Trump's ire. Sessions is scheduled to testify Tuesday afternoon in open session before the Senate Select Committee on Intelligence.
    Oregon First State to Offer Non-Gender Driver's Licenses

    Oregon First State to Offer Non-Gender Driver's Licenses

    But come July 3, people may be queuing up in OR to get a new driver's license that more accurately reflects their gender identity. The measure was approved Thursday by the Oregon Transportation Commission , according to the Oregonian .
    Reversing Rapprochement between U.S.  and Cuba, Many Negative

    Reversing Rapprochement between U.S. and Cuba, Many Negative

    Educational trips will reportedly be required to travel with a guide from a USA sponsoring organization, according to the Herald . He referred to a survey published this week, according to which 65 percent of US citizens want the opening with Cuba to continue.
  • Minecraft Cross-Platform Play Not Coming to PS4 Because Sony 'Refused'

    Support for cross-platform play is slated to roll out this summer as a free update to the mobile and VR versions of Minecraft . User created content and servers are on the way which will allow a whole new kind of content for a variety of platforms.
    Josh Jackson cancels workout with Celtics

    Josh Jackson cancels workout with Celtics

    For better and for worse, the Lakers are mindful of not overreacting to individual workouts considering the various restrictions. But the NBA's structure sets such organizations up with high lottery odds , enabling them to stockpile young, talented players.
    Britain's May seeks deal to cling to power

    Britain's May seeks deal to cling to power

    Because she went into the this with such a huge lead, thinking she could all but wipe out real opposition to their plans. The resignations came as May worked to fill jobs in her minority government.

Comments