S. Korea Greenlights $7B In Nuke Plant Construction

Law360, New York (January 29, 2014, 7:15 PM EST) -- South Korea's Ministry of Trade, Industry and Energy on Wednesday said that it approved two nuclear plants worth a combined $7 billion, pursuing a more modest nuclear program after the Fukushima disaster in Japan. 

South Korea aimed at having 41 percent of its energy supplied from nuclear power by 2030 but, two weeks ago, has cut that plan down to 29 percent by 2035. Several of the country's 23 nuclear plants have experienced problems and shutdowns, leading to scandals, but the country aims to maintain its...
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