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[ED] Reviving nuclear industry

SK Group Chairman Chey Tae-won met with Microsoft co-founder Bill Gates in Seoul on Tuesday and agreed to expand their relationship and strengthen cooperation. Their meeting came a day after SK Group announced a plan to invest $250 million in TerraPower, a U.S. nuclear design company, founded by Gates, to develop small modular reactors (SMRs). ....

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[ED] 'Unrealistic' initiative

President Yoon Suk-yeol has proposed what he called the "audacious initiative" designed to provide comprehensive economic assistance to North Korea in return for its denuclearization. In his speech marking the 77th anniversary of Liberation Day on Monday, Yoon said the plan will help significantly improve North Korea's economy and its people's livelihoods in stages should the North begin a "genuine and substantive" process for denuclearization. ....

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Why Ukraine matters to South Korea

The Russian invasion of Ukraine is an outright affront to the international norm of non-aggression. It is wreaking humanitarian havoc on a scale never seen in Europe since the end of World War II. Its impact on the global economy is devastating as Russia and Ukraine are major players in global fuel and food supply chains. Following the invasion, oil prices are spiking and food supplies to those in need in the developing world are at risk. ....

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[ED]'Nuclear energy is green'

The European Commission has made a final proposal that includes nuclear energy in its taxonomy. The EU taxonomy is a classification system establishing a list of environmentally sustainable economic activities and providing financial companies with investment guidelines. The decision comes in contrast to the Korean government's exclusion of nuclear energy from its own taxonomy last year, raising concerns that the country is running counter to global trends. ....

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[ED] Problems with 'K-taxonomy'

Last Thursday, the Ministry of Environment released a guidebook on "K-taxonomy," presenting principles and standards concerning environmentally-friendly economic activity. It refers to the government's certification of eco-friendly activities - a set of guidelines to induce capital flows into green investment and finance and prompt the substantive transformation of society to cope with the climate crisis. The exclusion of nuclear energy, which cannot be called a form of green energy, from the taxonomy guidebook was natural in this regard. However, the inclusion of liquefied natural gas (LNG), which produces lots of greenhouse gases to produce and transport, is worrying as it could give the wrong signal. ....

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