[Asia Economy Reporter Jang Hyowon] Domestic nuclear power-related stocks, including Woojin, are showing strong performance in the early trading session. It appears that buying interest surged following news that Korea Hydro & Nuclear Power (KHNP) is close to finalizing a contract for a new nuclear power plant construction project in Poland.
As of 10:06 AM on the 20th, Woojin is trading at 8,770 KRW, up 5.92% compared to the previous day.
At the same time, Orbitek is also rising, trading at 5,110 KRW, up 4.18% from the previous day, showing a simultaneous increase among nuclear power stocks.
According to local Polish media reports on the 19th (local time), KHNP is expected to sign a new nuclear power plant construction project contract within two weeks with the Polish Power Company (PGE) and the local private energy company ZEPAK.
If this contract is finalized, KHNP will build Poland's second nuclear power plant. This nuclear power plant construction project can also be seen as part of defense cooperation between the two countries.
Woojin supplies key nuclear power plant components such as In-Core Instrumentation (ICI) and Rod Position Signal Transmitters (RSPT) to 24 domestic nuclear power plants, including the UAE Barakah nuclear power plant, Korea's first nuclear power export.
Orbitek started its business in the field of nondestructive testing and began domestic nuclear power plant service contracts in 2007 with the first contract for radiation management services at the Wolseong Nuclear Power Plant. It has continued domestic nuclear power plant services to date. Additionally, in 2016, Orbitek secured a radiation management service contract for the UAE Barakah Nuclear Power Plant (BNPP), successfully expanding overseas.
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