[Special Stock] Boseong Powertech Surges on Rising Importance of Nuclear Power in Energy Supply Chain

Boseong Powertech (Group), Winner of the Excellence Award (Ministerial Award), Bicycle-Shaped Design

[Asia Economy Reporter Hwang Yoon-joo] President Moon Jae-in emphasized the importance of nuclear power plants on the 25th, leading to a sharp rise in Boseong Powertech, a related stock.

As of 9:20 AM on the 28th, Boseong Powertech is trading at 5,010 KRW, up 26.04% compared to the previous trading day.

On the 25th, at the 'Global Energy Supply Chain Issues Review Meeting' held at the Blue House, President Moon stated, "For the next 60 years during which nuclear power plants will continue to operate, nuclear power should be sufficiently utilized as a main baseload power source."

President Moon said, "Construction of Shin Hanul Units 1 and 2 and Shin Kori Units 5 and 6 has been delayed, but since safety standards have been strengthened and proactive investments have been sufficiently made, please inspect so that phased normal operation can be resumed as soon as possible." However, he expressed no intention to revise the existing nuclear phase-out policy, which includes halting new nuclear power plants and decommissioning old ones.

With international oil prices soaring and the war between Russia and Ukraine expected to continue driving energy prices upward, the importance of existing energy power sources is being highlighted, leading to a surge in related stocks such as Boseong Powertech.