[Asia Economy Reporter Yoo Hyun-seok] Woojin announced on the 29th that it has signed a 15.4 billion KRW integrated purchase contract for In-Core Instruments (ICI) with Korea Hydro & Nuclear Power (KHNP).
The ICIs supplied under this contract will be used at ▲Gori Unit 3 ▲Wolseong Unit 3 ▲Hanbit Units 2 and 3 ▲Hanul Units 2 and 3. ICIs are installed inside the reactor to detect neutrons generated during the nuclear fission process. Since an increase in neutrons can cause the reactor to overheat, ICIs are essential devices to ensure the safe operation of the reactor. Additionally, they require periodic replacement, maintaining steady demand.
Woojin participates annually in KHNP’s integrated ICI procurement. Since its first supply in 2002, Woojin has been providing ICIs with a defect rate of zero.
A Woojin representative stated, "This year’s integrated purchase contract is larger than previous years not only due to the increase in unit prices but also because of the rise in the number of nuclear power plants supplied. With the commercial operation of the UAE Barakah Unit 1 and Korea’s Shin Hanul Unit 1 scheduled to begin this year, the market for replacement ICIs is expected to expand further."
Meanwhile, Woojin held its regular shareholders’ meeting on the 29th, approving the reappointment of CEO Lee Jae-sang and the dividend payout. The dividend per share is 100 KRW, corresponding to a dividend yield of approximately 2.4%.
According to a Woojin official, in line with shareholder-friendly policies, dividend payments have been expedited, and this year as well, shareholders will be able to receive their dividends promptly.
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