[Featured Stock] Hanshin Machinery Rises on Expectations for 'Hanmi Nuclear Alliance' Highlighting Possession of Core Nuclear Technology

[Asia Economy Reporter Minwoo Lee] Hanshin Machinery's stock price is on the rise. The company holds core technology related to nuclear power plants, and the news that a nuclear power alliance between South Korea and the United States has been established, followed by related consultations among the government, experts, and industry in Korea, appears to have acted as a positive factor.

As of 10:23 AM on the 27th, Hanshin Machinery's stock price recorded 2,860 KRW, up 17.94% from the previous day. It is interpreted as being highlighted as a beneficiary stock of the Korea-US nuclear power alliance.

Following the establishment of the 'nuclear power alliance' at the Korea-US summit on the 21st, a Nuclear Power Export Advisory Committee will be held this week. Through this, the government, experts, and industry are expected to jointly engage in consultations on nuclear power exports. Since this is the first meeting of the Nuclear Power Export Advisory Committee, launched in March, after the Korea-US nuclear power alliance, in-depth discussions on future Korea-US cooperation and export market expansion are expected. While multifaceted discussions such as joint entry into overseas nuclear power markets by Korea and the US are beginning, the government is also expected to continue high-level and working-level talks with the US government soon to increase exports in line with domestic circumstances.

Hanshin Machinery has long secured core technology for compressors used in nuclear power generation, and it is anticipated to benefit from future nuclear power exports. After securing nuclear power compressor technology in the early 2000s, the company supplied compressors to Yeonggwang Units 5 and 6, Korea's first nuclear power plants, as well as to Shin-Kori Units 3 and 4 nuclear power plants.