[Special Stock] Daechang Solution Rises on News of High-Level Special Act Enactment

[Asia Economy Reporter Lee Jung-yoon] As news spread that the Presidential Transition Committee is seriously considering promoting the enactment of a special law on high-level radioactive waste, Daechang Solution's stock price has been rising during trading hours.

As of 11:54 a.m. on the 11th, Daechang Solution was trading at 531 won, up 3.71% compared to the previous trading day.

Daechang Solution produces storage containers for nuclear power plant nuclear waste. In 2020, it signed a supply contract for nuclear waste containers worth approximately 35.693 billion won. The recent contract amount has been increased to about 42.66 billion won.

The Transition Committee is expected to accelerate the reversal of the nuclear phase-out policy pledged by President-elect Yoon Seok-yeol after establishing a legal basis for constructing a radioactive waste disposal facility (Bangpaejang) through the special law. The Bangpaejang is a facility that safely stores spent nuclear fuel from nuclear power plants. Currently, domestic nuclear power plants store radioactive waste in temporary storage facilities (Macster), but the capacity is reportedly approaching its limit.