[Special Stock] SG&G Rises on Yoon Government's Plan to Increase Nuclear Power Share by 30%

[Asia Economy Reporter Jang Hyowon] SG&G is showing strong performance. This is interpreted as a result of the transition committee of President-elect Yoon Seok-yeol announcing a plan to increase the share of nuclear power to 30% of the total power generation by 2030.

As of 1:31 PM on the 21st, SG&G is trading at 2,710 KRW, up 120 KRW (4.63%) from the previous day.

The day before, the Science, Technology, and Education Subcommittee of the transition committee announced a plan, after discussions with the Nuclear Safety and Security Commission, to advance the application period for continued operation of nuclear power plants from the current 2-5 years before the design life expiration to 5-10 years before. With this system improvement, the number of nuclear power plants eligible to apply for continued operation during the new government's term will increase by 8 units to a maximum of 18 units.

Accordingly, SG&G, which operates in the nuclear power plant parts business, is gaining attention. SG&G manufactures nuclear fuel rod support skeleton (support grid) parts. The company produces fixtures and support grids required for nuclear power plants and delivers them after inspection and approval by Korea Nuclear Fuel.