South Korea to Accelerate Restart of Six Nuclear Reactors for Energy Supply Security

South Korea’s power mix is highly reliant on nuclear energy, natural gas and coal, with the vast majority of its fossil fuels (natural gas and coal) imported. Amid ongoing geopolitical developments, international oil and gas prices have seen sharp fluctuations. A prolonged period of high oil prices or disruptions to liquefied natural gas (LNG) imports would inevitably impact South Korea’s power market.

According to a government statement, South Korea currently has 15 nuclear reactors in commercial operation. The authorities plan to restart the Shin Wolsong 1 and Kori 2 reactors this month, followed by the Hanbit 6, Hanul 3, Wolsong 2 and Wolsong 3 reactors by mid-May.

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