[Featured Stock] Iljin Power Advances Further in SMR... Actively Supporting 'Dream Energy' Leadership Worldwide

[Asia Economy Reporter Park Hyungsoo] Iljin Power is showing strong performance. It appears that the news of Song Young-gil, leader of the Democratic Party of Korea, actively supporting the commercialization of the ‘Korean-style Artificial Sun Project’ during his first National Assembly negotiation group representative speech on the 16th has influenced the stock price.

At 11:33 a.m. on the 16th, Iljin Power was trading at 11,500 KRW, up 7.98% from the previous day.

Leader Song said, "After achieving the carbon neutrality goal in 2050, South Korea aims to globally lead the commercialization of nuclear fusion power, known as the dream energy."

He continued, "The core is the ‘Korean-style Artificial Sun Project’," adding, "The Korean-style Artificial Sun Project was conceived during the Kim Young-sam administration but was canceled due to the IMF crisis." He also noted, "The project resumed in 2001 during the Kim Dae-jung administration, and KSTAR was completed six years after its start in 2007 under the Roh Moo-hyun administration," emphasizing, "By the Moon Jae-in administration, our nuclear fusion technology had reached a level leading the ITER (International Thermonuclear Experimental Reactor) project, which involves seven countries worldwide."

He said, "Last November, we succeeded in maintaining a temperature of 100 million degrees Celsius, where nuclear fusion occurs, for over 20 seconds," and added, "The UK is already aiming for commercialization of nuclear fusion power by 2040."

Leader Song stated, "We propose 2050 as the target year for the commercialization of South Korea’s nuclear fusion power," emphasizing, "We must lead the era of dream energy based on world-class artificial sun technology."

He further said, "Nuclear fusion power is neither impossible nor a distant dream," expressing hope that "commercialization will become a reality in 28 years." He pledged, "The Democratic Party and I will fully support this," and stressed, "As party leader, I will personally serve as the chairman of the Carbon Neutrality Special Committee to actively back the commercialization of the Korean-style Artificial Sun."

Iljin Power signed a memorandum of understanding (MOU) for business development early last year with Korea Electric Power Technology to jointly win the ITER pressurizer design, manufacturing, and supply project.

Iljin Power also succeeded in commercializing tritium storage devices, becoming the second in the world after Canada, based on tritium handling technology transferred from the Korea Atomic Energy Research Institute.

Iljin Power is actively participating in the development of nuclear fusion power technology, a next-generation energy source, preparing for a long-term revenue model. It has engaged in the development, design, and manufacturing of equipment related to next-generation reactor development and is working on the commercialization of high value-added nuclear fusion fuel storage technology by manufacturing chemical engineering equipment. As a company specializing in the manufacturing, installation, and design of nuclear equipment, it is expected to contribute to increased future profitability.