Gyeongju City, South Korea, has expressed disappointment after losing its bid to host the nation’s first Small Modular Reactor (SMR) construction project. The city had actively pursued the project, anticipating a significant boost to the local economy. Officials have acknowledged their regret following the unsuccessful outcome, having hoped the SMR would revitalize regional development. Details regarding the winning location have not yet been released. The failed bid represents a setback for Gyeongju’s economic aspirations. Further information regarding the city’s future plans in response to this outcome is expected. The SMR project remains a key national priority for energy diversification.