Factors That Caused the Inefficiency in the Procurement Market for the Nuclear Power Industry of Korea

Ensuring safety and efficiency of the procurement market for nuclear power generation has become one of the top priorities of the policy makers in Korea since the discovery of a large number of fraudulent parts and components used by nuclear power plants. This book analyzes the nuclear power industry procurement in Korea, France, and the UK. Although all three countries restructured their electricity industry, they differ substantially in the history of the nuclear power industry, ownership and governance of firms in the industry, and relevant legal infrastructure. The findings of this book will shed light on the factors that affect safety and efficiency in the nuclear power procurement markets and the right direction for reform.CHAPTER 3 Factors That Caused the Inefficiency in the Procurement Market for the Nuclear Power Industry of Korea 1. Introduction 2. Case of the JS Cable 3. A Game-theoretic Analysis of the Control Cable Case 4. Fundamental Problems and Alternative Solutions 5. Measures for a More Fundamental ReformTRU