Woojin, a key supplier of instrumentation for nuclear power plants, is showing strong performance. It is interpreted that the news of Team Korea, composed of Korean companies, being selected as the preferred negotiation partner for the 24 trillion won Czech nuclear power plant project influenced the stock price.
As of 9:22 AM on the 18th, Woojin was trading at 10,000 won, up 510 won (5.37%) compared to the previous trading day.
According to the Ministry of Trade, Industry and Energy, the Czech government held a meeting at the Prague government office the day before and announced that Korea Hydro & Nuclear Power (hereinafter KHNP) was selected as the preferred negotiation partner for the new nuclear power plant.
The Czech Republic has been considering the construction of additional new nuclear power plants under 1.2 gigawatts (GW) each in the Dukovany (units 5 and 6) and Temel?n (units 3 and 4) areas. With this announcement, KHNP's order for two units in the Dukovany area has been confirmed, and it is reported that they have also been granted the option for preferred negotiation rights for the construction of two units in the Temel?n area.
The export of the Korean-type nuclear power plant is a great achievement, accomplished for the first time in 15 years since the UAE Barakah nuclear power plant in 2009. The industry expects that this order will increase the possibility of additional orders from European countries that have recently been expanding their share of nuclear power generation. Woojin exclusively supplies instrumentation for the Korean standard nuclear power plant.
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