According to reports, the steel company Pohang Steel plans to apply to the South Korean government to allow private companies to invest in nuclear power plants to obtain lower cost and more stable electricity. Pohang Steel plans to submit relevant proposals at the Green Transition Conference hosted by President Lee Jae-myung on October 7. Pohang Steel and Samsung Electronics executives discussed the possibility of private capital participating in nuclear power investment on Monday. Pohang Steel is in discussions with the government to consider establishing a joint venture with the state-owned nuclear power operator Korea Hydropower and Nuclear Power Company. Pohang Steel will invest in the construction of a nuclear power plant in exchange for low-cost electricity under a long-term power supply agreement.

According to reports, the steel company Pohang Steel plans to apply to the South Korean government to allow private companies to invest in nuclear power plants to obtain lower cost and more stable electricity. Pohang Steel plans to submit relevant proposals at the Green Transition Conference hosted by President Lee Jae-myung on October 7. Pohang Steel and Samsung Electronics executives discussed the possibility of private capital participating in nuclear power investment on Monday. Pohang Steel is in discussions with the government to consider establishing a joint venture with the state-owned nuclear power operator Korea Hydropower and Nuclear Power Company. Pohang Steel will invest in the construction of a nuclear power plant in exchange for low-cost electricity under a long-term power supply agreement.