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Korea's SMR review standards trail the first permit filings by four years

Korea's nuclear regulator targets 2032 for SMR review standards, four years after developers such as TerraPower begin seeking construction permits. For SK Innovation's consortium, the delay comes from Seoul's rulebook and staffing, since TerraPower already holds a US construction permit.

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Photograph accompanying Korea's SMR review standards trail the first permit filings by four years
Photo: koreajoongangdaily.com

What happened

  • Developers plan three SMR prereview filings in 2027 and five in 2028, according to an NSSC strategy submitted to Democratic Party lawmaker Hwang Jung-a.
  • TerraPower's Natrium, which it is developing with a consortium of SK Innovation and Korea Hydro & Nuclear Power, is among the designs lined up for 2027.
  • Korea's current technical standards were written for large light-water reactors, while many SMR designs are cooled by sodium or molten salt.
  • A single temporary NSSC division handles all SMR licensing, and 18 of its reviewers are committed to the homegrown i-SMR.
  • An OECD Nuclear Energy Agency assessment rated Korean SMR designs above average overall but low on licensing and siting.

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Why it matters

  • constraint Even if every planned hire arrives, Korea can give full review to only about two SMR designs at a time, so applicants will be handled in sequence.
  • decision Developers have to choose between filing in 2027 and 2028 against unfinished standards or holding back until the 2032 rules exist.
  • exposure SK Innovation and KHNP's Korean timeline for Natrium depends on regulator hires that the ministries have not yet approved.

The commission's staffing plan shows how a 2032 rulebook turns into a queue. It estimates that each reactor design needs 15 to 20 reviewers [11], and it wants 33 SMR staff in 2027 [12]. Subtract the 18 already working on the i-SMR [10] and 15 people are left for the three designs due for prereview that year [2]. Assuming a prereview needs the same headcount as a full review, that is about five per design, a third to a quarter of what the commission says each design needs [21]. The target peaks at 39 in 2029 and 2030 [12]. That covers about two designs at once [22], against nine applications planned for 2027 and 2028: eight prereviews plus the i-SMR construction permit [23].

None of those hires is secured. Talks between ministries on the staffing have been pushed back to the second half of this year [13]. The US Nuclear Regulatory Commission has turned its advanced reactor unit into a full office with 310 to 330 staff [14], roughly eight times Korea's peak target [24]. Britain's Office for Nuclear Regulation is training more than 30 inspectors for its Advanced Nuclear Technologies team while it handles six designs [16].

The rulebook will take longer to fix than the staffing. The commission plans a technology-inclusive, risk-informed and performance-based review method, with 2032 as the target date [7]. Companies filing for construction permits from 2028 would likely wait three to four years for it [8], and TerraPower and other developers plan to file in 2028 and 2029 [5]. In March the NRC issued TerraPower a construction permit for Kemmerer Unit 1 in Wyoming, its first approval of a commercial non-light-water reactor in more than 40 years [15].

"Our SMRs are recognized worldwide for their technology, but they are stuck at the threshold of moving on to demonstration and construction," Hwang said [19]. "To review them on time while keeping safety intact, the regulator needs the expertise and the staff so that the critical window for commercializing SMRs is not lost." [20]

The calendar could break three ways. If the staffing talks deliver, the 2027 filings could proceed before final standards exist, because a prereview is a check of documents for what an application still needs [3]. Alternatively, the commission could finish the i-SMR first and take other designs in turn, as its current allocation of reviewers already implies [10]. The third possibility is that the 2032 target slips.

I'd expect the second, and its cost falls on non-light-water entrants. TerraPower's US permit was for that kind of reactor [15], and that kind is the hardest to fit into a rulebook written for light-water plants [6]. The counter-case is that prereview is paperwork and the permit filings come a year or two later [2][5], so a staffing deal this year could narrow the gap to whatever interim review the commission can run. This view would be wrong if a signed agreement for the 33 staff and a published interim route for non-light-water designs both arrive before the 2028 filings. The reporting does not include what SK Innovation or Korea Hydro & Nuclear Power has committed to the venture [4], so the cost of a three-to-four-year wait cannot yet be put in won.

What to watch

  • Whether the three 2027 prereview applications, Natrium included, are filed on schedule or held until standards exist.
  • Whether the NSSC's small modular reactor safety division moves from a temporary body to a permanent one.
  • Any disclosure by SK Innovation or KHNP of its financial commitment to the Natrium venture, the figure needed to price the wait.

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Hype gap+10
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  1. [1]

    Korea's nuclear regulator won't have SMR review standards in place until 2032, four years after SMR developers plan to start seeking construction permits.

    ReportedSupportedView cited source
  2. [2]

    Korean and foreign developers plan to file three SMR prereview applications in 2027 and five in 2028, according to a regulatory strategy the Nuclear Safety and Security Commission submitted to Democratic Party Rep. Hwang Jung-a.

    ReportedSupportedView cited source
  3. [3]

    In a prereview, a developer submits documents before applying for a construction permit, and the regulator checks what needs to be supplemented.

    ReportedSupportedView cited source

Sources

1 independent publisher whose own reporting we read for this story.

  1. koreajoongangdaily.com

    1 article · October 6, 2026

    Korea's SMR push: Top tier tech hits regulatory bottleneck

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