The government and private entities will invest a total of 400 billion won ($355.7 million) in research and development between 2011 and 2017 to improve domestic nuclear reactor technology, the government said in a statement.
Asia's fourth-largest economy also plans to acquire stakes of overseas mines to raise its self-development rates of raw materials for nuclear power, including uranium, to 25 percent by 2016 and 50 percent by 2030 from 6.7 percent this year, the statement said.
A South Korean consortium won the Middle East's biggest ever energy contract to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured US and French rivals.
Wednesday, January 13, 2010
DTN News: South Korea Aims To Export 80 Nuclear Reactors By 2030
DTN News: South Korea Aims To Export 80 Nuclear Reactors By 2030
*Source: DTN News / Int'l Media
(NSI News Source Info) SEOUL, South Korea - January 13, 2010: South Korea said on Wednesday it aimed to export 80 nuclear reactors by 2030 to hold a 20 percent share of the global market, shortly after winning a landmark $40 billion nuclear power deal in the Middle East.Nuclear Reactor ~ Tightly sealed area where fission of the fuel is carried out in a controlled manner to release heat. Nuclear Generating Station ~ Plant that produces electricity from thermal energy generated by the fission of fuel atoms in a reactor.
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