Updated:
Korea Radioactive Waste Agency
Korea Radioactive Waste Agency was established in 2009. It oversees the management of radioactive waste, including the construction and operation of low and...
Korea Radioactive Waste Agency
Korea Radioactive Waste Agency was established in 2009. It oversees the management of radioactive waste, including the construction and operation of low and intermediate-level disposal facilities in Korea.
General information
Firm type
Government / Public Body
Year founded
2009
Location
Region
Asia
Country
South Korea
City
Gyeongju
Corporate office
19, Chunghyocheon-gil, Gyeongju-si, Gyeongsangbuk-do, South Korea
Sector focus
Frequently asked questions
What is KORAD's funding model?
KORAD is funded through the Radioactive Waste Management Fund, which collects a legislated surcharge from Korea Hydro & Nuclear Power (KHNP) based on nuclear electricity generation. This creates a non-discretionary, volume-linked revenue stream independent of government appropriations or investment returns.
Does KORAD manage an investment portfolio?
No. KORAD is not an institutional allocator in the traditional sense. Its capital deployment is project-based, directed entirely toward construction, engineering, and operational costs for radioactive waste disposal infrastructure. It does not hold a portfolio of financial assets or make fund commitments.
Which entity regulates KORAD's disposal operations?
The Nuclear Safety and Security Commission (NSSC) provides independent safety regulation and licensing for KORAD's disposal facilities. The Ministry of Trade, Industry and Energy (MOTIE) serves as the supervising authority for policy and administrative oversight.
What waste categories does the Wolsong center accept?
Wolsong is licensed for low- and intermediate-level radioactive waste (LILW). High-level waste, including spent nuclear fuel, remains in interim storage at reactor sites; KORAD is developing an Underground Research Laboratory to study deep geological disposal for future high-level waste management.
How does KORAD interact with international peers?
KORAD maintains formal cooperation agreements with several foreign radioactive waste management organizations. Its most documented partnership is with Spain's Enresa, focused on sharing technical expertise for silo-type disposal design, safety assessment, and community engagement strategies.
Who runs investment decisions at KORAD?
KORAD does not have a chief investment officer or investment committee in the conventional sense. Budget allocation and project approval follow government procurement and public-infrastructure planning processes, with ultimate authority resting with the agency's president under MOTIE supervision.
Is KORAD a single-family office or a sovereign vehicle?
Neither. KORAD is a statutory agency — a government-owned public body established under the Radioactive Waste Management Act of 2009. It functions as a specialized infrastructure operator funded by a dedicated levy rather than as an investment entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: