The South Korean government is reviewing whether to set up a new long-term energy plan earlier than expected after president-elect Yoon Suk-yeol said he planned to bring back nuclear power generation to the list of the country’s major energy sources.
Reports in Seoul said the Ministry of Trade, Industry and Energy (Meti) is in talks with Mr Yoon’s transition team to establish the 4th Energy Basic Plan in the third quarter to include the energy policy of the incoming government.
South Korea has set the country’s Energy Basic Plan every five years, and the third plan was announced in June 2019. If the 4th plan is unveiled later this year, it would be set up two years earlier than the initial plan.
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