4 November 2005 – The city of Gyeongju is to host South Korea’s first nuclear repository after the country’s government announced it had returned the highest support from a national election.
The city was selected from four potential sites and will now receive an economic windfall, expected to reach several trillion won, for building the low and intermediate level radioactive waste repository.
To be built on the coast of the East Sea by 2008, the plant will be 371 km southeast of Seoul.
Gyeongju will receive a state subsidy of 300bn won ($288m), a multi billion won sub-atomic particle accelerator and will also become host to the headquarters of the state owned Korea Hydro and Nuclear Power company.
A government official said the project is unlikely to be delayed through objections due to the positive response from the South Korean population.