US sends supersonic bombers in show of force against N.Korea

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"We will abolish our nuclear-centred energy policy and move toward a nuclear-free era".

The announcement was made today by newly installed president Moon Jae-in.

South Korean President Moon Jae-in reiterated that the country will phase out of nuclear power which takes up a third of domestic electricity supply to shift to renewable and clean energy. "But now it is the general idea that people's lives and safety should be prioritised".

"South Korea is not safe from the risk of natural disaster, and a nuclear accident caused by a quake can have such a devastating impact", he said.

In accordance with the December 2015 agreement, Japan disbursed 1 billion yen (about US$9 million) past year to a South Korean fund providing support for the affected women and their families. Plans were in hand to increase this to 38GW by 2029, and the previous regime was seeking to renegotiate a treaty with the U.S. to allow it to operate a full nuclear fuel cycle. The largest was a $20bn deal to build four nuclear reactors in the UAE.

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Major corruption scandals involving state nuclear power agencies in recent years and a series of earthquakes last year further fanned public distrust and concerns over the safety of the plants.

He also said the government will seek to shut down the country's second-oldest nuclear reactor, the Wolsong No.1, as soon as possible depending on the country's power supply conditions.

He also pledged to decommission 10 aged coal power plants within his five-year term and to stop building new coal power plants. The country has 59 coal plants supplying nearly 40% of the country's electricity.

The new government plans to increase the use of renewable energy to 20% of the country's total power generation by 2030.

The 587-megawatt Kori No.1, located near the city of Busan some 300 kms (186 miles) southeast of Seoul, halted operations at midnight on Sunday after reaching the end of its 40-year-lifespan.

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