BMI View: The ongoing scandals surrounding the use of uncertified parts suggest the government will continue to face difficulties gaining the public’s trust. That said, we believe the country will likely forge ahead with its plans to expand its nuclear capacity, even as it builds new coal and gas generation. Electricity demand remains at an all-time high, and the tight demand and supply conditions have pushed the government to accelerate the award of contracts to build new gas and coal plants. The country has embarked on an ambitious project with a US laboratory, K-DEMO, with the aim of developing a …
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