The SMR Alliance, a public-private cooperative body, discussed various measures to accelerate the development of next-generation reactors during a meeting in Seoul marking its first anniversary.
The group decided to reorganize itself into an association in the first half of next year to lobby the government and the National Assembly for necessary support.
The ministry also outlined strategies to position Korea as a leading SMR nation, including support for constructing and operating the Korean i-SMR (innovative SMR), promoting private SMR businesses, and establishing foundry infrastructure. It also aims to create an 80 billion won ($57 million) policy fund to invest in the nuclear power industry, including SMRs.
"SMRs are crucial as an energy source for achieving carbon neutrality and for powering advanced industries such as semiconductors and AI data centers," said Jang Yong-ho, CEO of SK and chair of the SMR Alliance.
He urged the government to "focus on securing public acceptance and streamlining licensing procedures."
The alliance, formed in July 2023, includes 31 private companies like SK, GS Energy Co., and Samsung C&T, along with 11 public institutions.
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