Story perspectives

South Korea Approves New Nuclear Project Amid EV Competition

1/3/2026

Summary

Story summary

The Nuclear Safety and Security Commission (NSSC) approved Saeul No. 3, the first new nuclear project in two years.
South Korea's President Lee Jae Myung is steering toward renewables, aiming for 30% by 2035.
The BYD Dolphin will launch in early 2026 at about 20 million won, competing with electric vehicles (EVs).
The launch coincides with finalization of the EV subsidy policy as the Kospi rises on Samsung Electronics.

History

Historical Context

The 2011 Fukushima Daiichi nuclear disaster significantly impacted global nuclear energy policies, prompting countries like Germany to phase out reactors while others, including South Korea, cautiously resumed projects. In 2023, South Korea's Nuclear Safety and Security Commission approved the Saeul No. 3 reactor, reflecting a shift towards balancing energy needs with safety concerns amid rising global interest in renewable energy and electric vehicles.

1 of 2

Story summary

The Nuclear Safety and Security Commission (NSSC) approved Saeul No. 3, the first new nuclear project in two years.
South Korea's President Lee Jae Myung is steering toward renewables, aiming for 30% by 2035.
The BYD Dolphin will launch in early 2026 at about 20 million won, competing with electric vehicles (EVs).
The launch coincides with finalization of the EV subsidy policy as the Kospi rises on Samsung Electronics.

1 / 2