[Featured Stock] Mobis Expected to Benefit from 300 Trillion Green New Deal Investment in Eco-Friendly 'Artificial Sun'

[Asia Economy Reporter Yoo Hyun-seok] Green New Deal-related stocks are soaring in unison following news that the government is accelerating policies to revitalize the Green New Deal. Nuclear fusion power does not emit carbon dioxide or other greenhouse gases into the atmosphere and does not have nuclear waste issues like nuclear power generation. It does not require nuclear fission materials that could be misused for nuclear weapons, so phenomena such as reactor collapse that can occur in nuclear power plant accidents do not happen. It is being considered as an important alternative among future energy sources. Nuclear fusion, the energy source of the sun, is recognized as a future energy capable of providing large-scale energy and environmentally friendly power generation.

MOBIS was trading at 2,330 won as of 3 p.m. on the 26th, up 6.88% (150 won) from the previous trading day.

The ruling party and government plan to promote a separate special law to ensure long-term large-scale fiscal investment in the Green New Deal. Through this, they plan to invest a total of 300 trillion won by 2030.

An economic daily reported that the Democratic Party of Korea is reviewing a Green New Deal special law (tentative name) aiming to propose it next month. It is known to be discussed mainly by the Korean-style Green New Deal Task Force under the COVID-19 National Crisis Response Committee and the Green New Deal research group.

This is interpreted as a measure to strengthen the momentum of the Green New Deal and establish grounds for funding. The special law is expected to focus on phasing out coal power and internal combustion engines, reducing nuclear power plants linked to nuclear waste disposal, and mandating energy efficiency.

The Green New Deal special law and the government’s Korean New Deal comprehensive plan require large-scale fiscal resources. Within the Democratic Party, a plan to invest a total of 300 trillion won by 2030, including 100 trillion won from the public sector and 200 trillion won from the private sector, is being considered. It is expected to raise 40 trillion won through transportation energy environment taxes and 60 trillion won through public pension funds such as the National Pension Service to secure 100 trillion won in public funds.

The government expects the Green New Deal to increase the annual economic growth rate by 1.0 percentage point and create a total of 1 million jobs.

Earlier, ahead of the April 15 general election, the Democratic Party recruited Dr. Lee Kyung-soo, former deputy director of the International Thermonuclear Experimental Reactor (ITER). ITER is a mega international joint project involving seven countries?Korea, the European Union (EU), Japan, Russia, the United States, China, and India?to build a nuclear fusion experimental reactor based on nuclear fusion power, which is considered a future energy source. Known as the "Artificial Sun," it is regarded as humanity’s largest project to fundamentally solve energy problems by replacing fossil fuels.

At the time, the Democratic Party expressed expectations that "it will greatly contribute to drawing a blueprint for a science and technology powerhouse as an engine of innovative growth alongside the Moon Jae-in administration’s energy transition policy."