[Featured Stock] KEPCO Engineering & Construction Up 8%... Nuclear Power Stocks Rally

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As the Presidential Transition Committee expressed a strong commitment to building a 'nuclear power superpower,' nuclear power-related stocks are showing an upward trend.

At 10:44 a.m. on the 4th, KEPCO Engineering & Construction was trading at 82,300 KRW, up 8.58% compared to the previous trading day. In addition, KEPCO Industrial Development (5.19%), Hanshin Machinery (3.68%), Woojin (3.56%), and Korea Electric Power Corporation (2.71%) are also showing gains.

This follows news that the phase-out nuclear power policy has been completely abandoned and that the Transition Committee is seriously considering establishing a nuclear power export bureau. Investors are analyzed to be accumulating shares, anticipating an increase in the number and value of domestic nuclear power export contracts.

According to the '2020 Nuclear Power Industry Survey' released last month by the Korea Nuclear Industry Association, the number of domestic nuclear power export contracts in 2020 was 30, which is less than half compared to 62 contracts in 2015, five years earlier. The contract amount for nuclear power exports decreased from approximately 186 billion KRW to about 41.6 billion KRW.