Spent nuclear fuel management is a high-priority issue in South Korea, and addressing it is crucial for the country’s long-term energy sustainability. The KORAD (Korea Radioactive Waste Agency) is leading a comprehensive, long-term project to develop a safe and effective deep geological repository for spent nuclear fuel disposal. Within this framework, we have three primary objectives in this work. First, we conducted statistical analysis to assess the inventory of spent nuclear fuel in South Korea as of 2021. We also projected future generation rates of spent nuclear fuels to identify what we refer to as reference spent nuclear fuels. These reference spent nuclear fuels will be used as the design basis spent fuels for evaluating the safety of the repository. Specifically, we identified four types of design basis reference spent nuclear fuels: high and low burnup from PLUS7 (with a 16×16 array) and ACE7 (with a 17×17 array) assemblies. Second, we analyzed radioactive nuclides’ inventory, activities, and decay heats, extending up to a million years after reactor discharge for these reference spent nuclear fuels. This analysis was performed using SCALE/TRITON to generate the burnup libraries and SCALE/ORIGEN for source term evaluation. Third, to assess the safety resulted from potential radioactive nuclides’ release from the disposal canister in future work, we selected safety-related radionuclides based on the ALI (Annual Limit of Intake) specified in Annex 3 of the 2019-10 notification by the NSSC (Nuclear Safety and Security Commission). Conservative assumptions were made regarding annual water intake by humans, canister design lifetime, and aquifer flow rates. A safety margin of 10-3 of the ALI was applied. We selected 56 radionuclides that exceed the intake limits and have half-lives longer than one year as the safety-related radionuclides. However, it is crucial to note that our selection criteria focused on ALI and half-lives. It did not include other essential factors such as solubility limits, distribution coefficients, and leakage processes. So, some of these nuclides can be removed in a specific analysis area depending on their properties.