[Featured Stocks] Boseong Powertech and Other Nuclear Power-Related Stocks ↑... Expectations for Support of the Nuclear Power Industry

[Asia Economy Reporter Hwang Yoon-joo] As Yoon Seok-yeol, the People Power Party candidate, was elected as the 20th president, nuclear power-related stocks are soaring simultaneously.

As of 9:50 a.m. on the 10th, Boseong Powertech is trading at 7,460 KRW, up 26.44% compared to the previous trading day. Woori Technology and Doosan Heavy Industries, considered nuclear power-related stocks, are trading at 2,435 KRW and 21,800 KRW, up 12.99% and 4.81%, respectively.

President-elect Yoon announced a pledge to maintain the share of nuclear power generation at 30% and to support the development and commercialization of next-generation nuclear power plants, including Small Modular Reactors (SMRs). Along with this, he stated that the nuclear power alliance with the United States, established last year, will be gradually developed.

It is interpreted that expectations are at work that the new government will support the nuclear power industry, moving away from the previous anti-nuclear power policy.