Nuclear Energy
South Korea and U.S. agree to pursue stand-alone nuclear submarine pact
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South Korea and the United States have agreed to pursue a stand-alone agreement on cooperation for nuclear-powered submarines. National Security Adviser Wi Sung-lac said working-level talks will begin early next year. The move follows a joint fact sheet from last month's APEC summit.
Japan's Nuclear Regulation Authority has launched an on-site inspection at Chubu Electric Power's headquarters in Nagoya concerning fraudulent earthquake risk data linked to the Hamaoka nuclear power plant. The probe seeks to fully uncover the circumstances and motives behind the misconduct, which may have underestimated seismic ground motions at the facility. Depending on the findings, the authority could impose severe actions, such as disapproving reactor restarts or revoking the plant's installation permit.
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Tokyo Electric Power Company restarted reactor No. 6 at the Kashiwazaki-Kariwa nuclear plant after about 14 years, but suspended operations just six hours after achieving a critical state due to an alarm. This event, the company's first restart since the 2011 Fukushima disaster, highlights ongoing safety concerns in Japan's nuclear revival.
President Lee Jae-myung's state visit to the United Arab Emirates during his four-nation Middle East and Africa tour resulted in a joint declaration with President Mohamed bin Zayed Al Nahyan titled 'A New Leap for 100 Years of Korea-UAE Partnership.' The declaration highlights Korea's expanded diplomatic outlook and new cooperation in AI, space exploration, health care, and cultural exchange. Domestic policy coherence on energy is urged to support these gains.
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The joint fact sheet released after the Korea-US summit supports procedures for South Korea's peaceful uranium enrichment and spent nuclear fuel reprocessing, opening a new phase in nuclear cooperation. South Korea pledged $350 billion in strategic investments in the US and secured tariff reductions on autos. Concerns over industrial hollowing-out and capital outflows persist.