20.03.2019
By Byeon Jinseok
The government has apologised to citizens and taken the decision to permanently halt geothermal power generation, due to the results of an investigation into the issue. The government has not thus far mentioned compensation for damages, but said that it would watch for the results of an ongoing lawsuit
[During the earthquake] vehicles were moving up and down. 118 people were injured. The total amount of government assets [damaged] is [currently evaluated at] 85 billion won. However, it is estimated that the total bill may reach ₩300 billion.
Jeong Seungil, Vice Minister of Industry and Commerce, said: “The government humbly accepts the results of the investigation and expresses deep regrets to the citizens of Pohang who have suffered damage.”
Pohang Geothermal Power Generation Project will be suspended forever. Drill holes will be kept 4km or deeper underground. Jeong explained that the geothermal power generation project had been carried out properly, the site selection had been appropriate, and that it would be investigated separately from other national assets which had already been audited. In addition, the government will invest ₩225.5 billion won in Pohang Special Recycling Project for five years, to contribute towards housing planning and infrastructure.
However, the government is not willing to take responsibility for the earthquake damage. So far, there is no direct compensation plan.
Jeong commented further: “Since we have filed a lawsuit, I do not think it is appropriate to respond here in addition to telling the court to judge.” In addition, restoration costs can be known only by investigating further, and [finding out whether] Chinese companies participating in the drilling are also willing to take responsibility.