Korea to invest $1.8 billion in nuclear technology industry by 2034

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Korea to invest $1.8 billion in nuclear technology industry by 2034

Korea will invest 2.5 trillion won ($1.8 billion) in developing next-generation nuclear reactor technologies by 2034, the Science Ministry said Tuesday.
 
The investment aims to foster private companies that can build next-generation nuclear reactors and commercialize the technology, according to the Ministry of Science and ICT.
 
Korea plans to secure key technologies for developing small modular nuclear reactors with the aim of entering the global market in the 2030s.
 
Seoul also plans to work to develop fourth-generation reactors, including the sodium-cooled fast reactor, high temperature gas-cooled reactor and molten-salt reactor, the ministry said, noting it will release a detailed road map for their development later this year.
 
Yonhap 
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