According to the Ministry of Science and ICT, the investment is aimed at promoting private companies that can build next-generation nuclear reactors and commercialize the technology.

South Korea plans to secure key technologies to develop small modular nuclear reactors (SMRs) with the aim of entering the global SMR market in the 2030s.

Seoul also plans to develop fourth-generation reactors, including sodium-cooled fast reactors, high-temperature gas-cooled reactors and molten salt reactors, the ministry said, noting that it will be ready by the end of this year. Will start production. Will issue a detailed roadmap for their development.