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South Korea's Moon Will Resume Building Nuclear Reactors

  • Panel recommends proceeding with $7.5 billion nuclear project
  • President Moon ‘respects’ advice to resume building reactor
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S. Korea's Moon Drops Nuclear Power Pledge

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South Korean President Moon Jae-in’s support of a government panel to resume building two stalled nuclear reactors sent shares of engineering and construction companies surging.

The recommendation released Friday on the $7.5 billion project came after a nine-member committee gathered public opinion over the past three months about the permanent suspension of the Shin Kori No. 5 and 6 reactor construction, which Moon had proposed during his presidential campaign.