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British nuclear energy industry could attract South Korean investment
British nuclear energy industry could attract South Korean investment
Korean companies tipped to follow France and China into UK market in wake of deal for new Hinkley Point reactor
By Terry Macalister, the Guardian 18 Nov 2013 More from this author View Comments
South Korea could become the next nation to take a stake in the British nuclear industry as the financing deal with France and China for a new reactor at Hinkley Point in Somerset creates a wave of wider interest.
The move could trigger controversy because the Korean atomic industry has been hit by a scandal over fake safety certificates but the UK and South Korea have vowed to help restore credibility and build closer links in this sector.
Lloyd's Register, which provides risk management services, has been hired by Korea Hydro & Nuclear Power Company to help give the country's reactors a clean bill of health.
But senior executives for the London-based Lloyd's say the relationship is a two-way process with the Koreans also looking at the best route to enter the British market in the aftermath of the Chinese investment in Hinkley Point.
"Discussions are ongoing and ...
Korean companies tipped to follow France and China into UK market in wake of deal for new Hinkley Point reactor
By Terry Macalister, the Guardian 18 Nov 2013 More from this author View Comments
South Korea could become the next nation to take a stake in the British nuclear industry as the financing deal with France and China for a new reactor at Hinkley Point in Somerset creates a wave of wider interest.
The move could trigger controversy because the Korean atomic industry has been hit by a scandal over fake safety certificates but the UK and South Korea have vowed to help restore credibility and build closer links in this sector.
Lloyd's Register, which provides risk management services, has been hired by Korea Hydro & Nuclear Power Company to help give the country's reactors a clean bill of health.
But senior executives for the London-based Lloyd's say the relationship is a two-way process with the Koreans also looking at the best route to enter the British market in the aftermath of the Chinese investment in Hinkley Point.
"Discussions are ongoing and ...
http://www.businessgreen.com/bg/news/2307563/british-nuclear-energy-industry-could-attract-south-korean-investment
Meanwhile, in Korea...
South Korea might abandon nuclear power
Part of fallout from bogus safety certificates scandal. A government working group has recommended a cut in South Korea's reliance on nuclear power. It cited a fall in public confidence in nuclear plant safety triggered by Japan's Fukushima nuclear disaster of March 2011. The study recommended South Korea’s nuclear power capacity be kept between 22% and 29% of the total by 2035, well below existing plans to grow the sector to 41% in less than 20 years...
Part of fallout from bogus safety certificates scandal. A government working group has recommended a cut in South Korea's reliance on nuclear power. It cited a fall in public confidence in nuclear plant safety triggered by Japan's Fukushima nuclear disaster of March 2011. The study recommended South Korea’s nuclear power capacity be kept between 22% and 29% of the total by 2035, well below existing plans to grow the sector to 41% in less than 20 years...
- See more at: http://asian-power.com/project/more-news/south-korea-might-abandon-nuclear-power#sthash.KZ3sbFRk.dpuf
