[Featured Stock] Woojin Rises on Japan's Radioactive Wastewater Discharge Announcement

[Asia Economy Reporter Yoo Hyun-seok] Woojin is showing strong performance. It appears to be influenced by the Japanese government's announcement of the ocean discharge of 1.2 million tons of radioactive contaminated water.

As of 9:19 AM on the 18th, Woojin was trading at 4,185 KRW, up 6.90% (270 KRW) compared to the previous trading day.

The Expert Subcommittee of the Ministry of Economy, Trade and Industry's Contaminated Water Treatment Measures Committee in Japan submitted a final report on the 10th recommending the ocean discharge of radioactive contaminated water to the Japanese government. Since the 2011 Fukushima nuclear power plant radioactive leak accident, the possibility of the Japanese government discharging accumulated radioactive contaminated water into the ocean due to site securing issues and cost reduction has greatly increased. This has highlighted Woojin's cesium removal technology for radioactive incineration ash, which entered the Japanese radioactive decontamination market.

Woojin's main businesses are instrumentation for nuclear power plants and the steel industry. Last year, in response to the government's nuclear phase-out policy, it signed a joint business contract with its subsidiary Nuclear Environment Technology Development (NEED) to enter the Japanese radioactive decontamination market. Additionally, the subsidiary NEED completed a demonstration test on cesium removal from radioactive incineration ash in Fukushima, Japan, received certification from the Radioactive Waste Backend Promotion Center (RANDEC), and was recognized by the Japanese government for its technological capabilities.

Having completed local tests in Japan, Woojin plans to supply cesium removal products for radioactive incineration ash throughout Japan through its subsidiary 'Woojin Japan' in the future.