[Click e-Stock] "Woori Technology Expected to Benefit from SMR Business"

Meritz Securities predicted on the 12th that small modular reactors (SMRs) will gain attention as artificial intelligence (AI) technology advances, leading to increased power consumption.

Moon Kyung-won, a researcher at Meritz Securities, stated, "Woori Technology is a company that can practically benefit from the SMR business in Korea," and introduced, "Woori Technology's sales composition includes nuclear power (38%), railroads and SOC (23%), and defense (33%)."

He continued, "In terms of profit contribution and growth potential, nuclear power is definitely the main business division," explaining, "They manufacture DCS, a core component of the MMIS, which is a nuclear power measurement and control system." He added, "Since succeeding in localization, they have been supplying to Shin Hanul Units 1, 2, 3, and 4, as well as Saeul Units 3 and 4," and noted, "They are one of the 18 small and medium-sized enterprises participating in Korea's i-SMR project."

Researcher Moon said, "With localization achievements appearing this year and next, nuclear power sales are expected to increase by 30% and 34% compared to the previous year, respectively," and "profits are expected to increase by 76% and 57%, respectively." He forecasted, "The growth rate could accelerate further from 2026," adding, "Parts supply for Shin Hanul Units 3 and 4 and maintenance sales are expected to increase."