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Nuclear Issues in South Korea Introductory Brief of Spent Fuel Management Reform & Nuclear Power Debates in South Korea Kwanghoon Seok, Green Korea United.

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Presentation on theme: "Nuclear Issues in South Korea Introductory Brief of Spent Fuel Management Reform & Nuclear Power Debates in South Korea Kwanghoon Seok, Green Korea United."— Presentation transcript:

1 Nuclear Issues in South Korea Introductory Brief of Spent Fuel Management Reform & Nuclear Power Debates in South Korea Kwanghoon Seok, Green Korea United 27 th, September, 2007 CNIC Office in Tokyo

2 Introduction of myself Worked for Green Korea since 1996 Policy consultant for Energy NGOs in Korea Energy Subcommittee member for Presidential Commission on Sustainable Development (2002~) Board Member of Korea Institute for Nuclear Nonproliferation Control (2006~) Nuke power & waste subcommittee member for National Energy Commission (2007~) Interested in energy market reform, nuclear liability management reform & proliferation issues

3 What happened in waste issues in South Korea? NGOs urged SF policy reform after Buan ILLW repository decided at MUS$300 Activists mentally shocked at the result Spent fuel issue decoupled from ILLW MoCIE submitted RWM law to parliament KHNP resisted to pay back waste fund MoST tried to defend Atomic Energy Law

4 PCSD’s initiative in the law “KHNP should pay back fund for SF management & disposal (4thrillion Won = B ￥ 494) within next 10years”(PCSD) KHNP insisting the payback deadline should be extended to the next 20years “Its financing will be tight from 2010 to 2015 due to new nuclear builds”(KHNP)

5 Growing Deficit of Nuclear Liabilities in KEPCO Source: KEPCO’ Consolidated Financial Statement, June 2007, ★ 1 Trillion Won = B ￥ 123

6 Details of Nuclear Liability Deficit in KEPCO Available Assets20022003200420052006 Total Assets in 2006 Fluid Assets Cash & Equivalent19,97520,50616,69513,96218,425 87,913 Shortterm financial instruments1,3791,1901,5908,52811,636 Securities available for sale1991,416191288151 Securities held to maturity3320033101 Fixed Assets Securities available for sale1,3752,3071,5681,7721,834 686,442 Securities held to maturity15222730 Equity base invested stocks12,14312,96213,86114,48515,434 Longterm loans2,5712,8713,2293,5884,018 Total Available Assets37,68941,47537,49042,65351,529 774,355 Nuclear Liabilities44,17950,91162,59469,66176,119 Source: KEPCO’s Consolidated Financial Statement 2007, Unit: 100 million Won = M ￥ 12.3

7 Fund UserFund ManagerManagement Type US DOE’s OCRWMTreasury Fund (Accumulation out of Utilities) Canada NWMO Sweden Waste Management Company (SKB) Safety Regulator (SKI) Finland Waste Management Company (POSIVA) DTI Japan NUMOMETI’s RWMC France ANDRA Liability Reserve (Internal Account) Korea Utility (KHNP) Source: OECD NEA 2006 Nuclear Liability Fund Management in OECD

8 Source: Authors’ elaborate from UN Demographic Yearbook 2001 Countries with and without LILW Repository

9 What happened in NPP issues in South Korea? NGOs lost Shin-Kori units 1~4 battles KHNP sacrificed Shin-Wolsong 3~4 for the LLW repository site in Kyeong-ju Kori-1 life extension issued, NGOs involved KHNP prepares Wolsong-1 extension under surface but NGOs are not interested in Anti-nuke NGOs lost their initiative to labor unions in energy market reform debates

10 What’s going on in SF issues? KHNP lobbying Parliament to stop the law MOST defending its existence, emphasizing AFCI & GNEP corporation with US DOE & US national labs. MOCIE pushing the law but compromising MOCIE indicated it may drop out centralized storage option due to technical advance NGOs losing their focus in SF issues & may return to simple Anti-nuke campaign

11 What’s going on in NPP issues? Life extension plan of Kori-1 is under investigation of safety institute(KINS) KHNP made Wolson-1 refurbishment contract(MUS$300) with AECL in 2006 KHNP’s nuclear economics is challenged by National Energy Commission’s nuclear power subcommittee

12 National Energy Commission Energy NGOs proposed to Parliament in 2005 Refused once but accepted by MoCIE in 2006 & launched in 2007 Commissioner is President, 25 members are from GOs, NGOs & Universities 4 Subcommittees devote detail discussion; Policy, Technology, Resource Development & Conflict Management(notably Nuke Power & Waste)

13 Abbreviations KEPCO=Korea Electric Power Co., Ltd. KHNP=Korea Hydro & Nuclear Power, One of Subsidiaries of KEPCO SF = Spent Fuel ILLW=Intermediate & Low Level Waste PCSD=Presidential Commission on Sustainable Development MoCIE= Ministry of Commerce, Industry & Energy MoST = Ministry of Science & Technology

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