[Special Stock] Maniker F&G, Nuclear Plant Contaminated Water Invasion... China Releases 50 Times Fukushima Amount

Maniker F&G is showing strong performance. The news that Japan's Fukushima contaminated water is about to be discharged into the ocean seems to be affecting the stock price. Maniker F&G is a food manufacturer that processes meats such as chicken, pork, and beef to produce various processed meat products.

As of 10:40 AM on the 7th, Maniker F&G is trading at 4,370 KRW, up 13.36% compared to the previous trading day.

According to local Japanese broadcasts the day before, Japan has started injecting seawater into an underwater tunnel to discharge contaminated water from the Fukushima Daiichi Nuclear Power Plant. It is known that actual discharge is planned to begin this summer. It is expected that once the contaminated water flows into the sea, demand for seafood will decrease while demand for broiler chicken will increase, which appears to be influencing Maniker F&G's stock price.

Not only Japan, but Chinese nuclear power plants were also cited as risk factors. China has been steadily increasing nuclear power plants along its eastern coast. The total amount of tritium discharged in 2020 was found to be about 50 times the annual standard planned by Japan for diluting and discharging Fukushima contaminated water into the ocean.

According to data analyzed by the Nuclear Safety and Security Commission from the 2021 China Nuclear Energy Yearbook, the total tritium discharge from all nuclear power plants in China in 2020 was recorded at 1,054 terabecquerels (T㏃). This is about 50 times the annual 22 T㏃ limit planned by Japan as a discharge limit during the Fukushima contaminated water release process. Compared to South Korea's total nuclear power plant discharge of 214 T㏃ in 2022, it is about five times higher.