[Asia Economy Reporter Yoo Hyun-seok] Woojin is on the rise. The Japanese government has virtually confirmed the release of contaminated water from the Fukushima Daiichi Nuclear Power Plant into the sea, which appears to have highlighted the radiation decontamination business of its subsidiary.
As of 9:26 AM on the 19th, Woojin was trading at 4,250 KRW, up 8.01% (315 KRW) compared to the previous trading day.
On the 15th, a Japanese media outlet reported, "The government will hold a meeting at the end of this month to formally decide on the release of contaminated water into the sea." The ministerial meeting scheduled for the 27th, the last week of this month, is considered the most likely date. Hiroshi Kajiyama (梶山弘志), Minister of Economy, Trade and Industry, also stated at a regular press conference on the 16th, "We cannot leave this undecided for too long. The government will take responsibility and reach a conclusion."
Woojin entered the radiation decontamination business by acquiring its subsidiary Nuclear Environment Engineering Development (NEED). NEED completed a pilot test of decontamination equipment domestically last year and conducted a demonstration test on the removal of cesium (Cs) from radioactive incineration ash locally in Fukushima, Japan. Additionally, through its subsidiary Woojin Japan, it is promoting the commercialization of equipment for removing cesium from radioactive incineration ash, and received an evaluation from a Japanese accredited certification body that the contaminated incineration ash decontamination equipment filters out 99% of cesium.
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