S Korea allocates over $540 m to make nuclear reactors safer
Moscow, Dec 27: South Korea has announced it will allocate $541 million to research and engineering to make the country’s nuclear reactors safer by 2029, the South Korean media reported on Monday.
According to the Yonhap news agency, the funds are part of a five-year plan to boost the safety of South Korea’s nuclear industry and establish new strategic business with accumulated technology.
The plan was finalized during a government meeting earlier in the day.
Seoul will also spend about $362 million by 2029 to research storage and disposal of used nuclear fuel in order to reduce the environmental costs on future generations.
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