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Energy

South Korea bets big on small reactors in return to nuclear

SK, Samsung see opportunities in President Yoon's pro-nuclear pivot

Plans for new reactors at the Shin-Hanul nuclear plant are moving forward under new South Korean President Yoon Suk-yeol. (Photo courtesy of Korea Hydro & Nuclear Power)

SEOUL -- South Korean industrial giants like SK and Samsung are stepping up operations in nuclear power, zeroing in on small, easier-to-build reactors, as the country pivots back to nuclear energy under a new president.

SK announced in May a wide-ranging partnership with Bill Gates-founded startup TerraPower with a focus on small reactors, spanning technology development and commercialization. With energy company SK Innovation taking on a central role, SK seeks to harness the group's expertise in each step, from development to installation to operation.

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