[Asia Economy Reporter Yoo Hyun-seok] Woojin is showing strength. It appears to be influenced by the magnitude 7.3 earthquake that occurred on the 13th off the coast of Fukushima Prefecture, Japan.
As of 3:13 PM on the 15th, Woojin was trading at 4,115 KRW, up 3.78% (150 KRW) compared to the previous trading day.
Woojin is attracting market attention as it is conducting a radioactive contaminated incineration ash decontamination project locally in Japan. Tens of thousands of tons of radioactive contaminated waste remain unattended, and if earthquakes or tsunamis increase the amount of radioactive waste, it could present an opportunity for Woojin.
The Japanese government’s Earthquake Research Committee reported that a 20 cm tsunami was observed at Ishinomaki Port in Ishinomaki City, Miyagi Prefecture, and pointed out the possibility of a large-scale earthquake occurring in the future. Additionally, Naoshi Hirata, the committee chairman and emeritus professor at the University of Tokyo, told local media that strong shaking could occur both at tectonic plate boundaries and internally, potentially causing high tsunamis.
Meanwhile, Woojin is promoting the commercialization of cesium removal equipment for radioactive incineration ash through its subsidiary, ‘Woojin Japan.’ The contaminated incineration ash decontamination facility has also been evaluated by a Japanese accredited certification body to filter out 99% of cesium.
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