[Featured Stock] Woojin Rises on News of Nuclear Export and Cooperation Agreement Between Korea and the US

Woojine is showing strong performance. This is interpreted as being influenced by the news that the governments of South Korea and the United States signed a 'Nuclear Export and Cooperation Agreement (MOU)' for joint entry into the global nuclear power market.

As of 9:59 AM on the 10th, Woojin is trading at 6,880 KRW, up 3.93% from the previous day.

Through this MOU, the South Korean and U.S. governments agreed to strengthen export control management on civilian nuclear technology and establish a cooperative system to expand civilian nuclear power generation in third countries. In particular, they decided to provide a cooperative channel that can effectively respond to new technologies in the nuclear field.

With this Korea-U.S. nuclear power alliance, if overseas nuclear power plant orders from both countries increase, additional orders for Woojin are also expected. Woojin has succeeded in domestic production of core nuclear power plant instrumentation and is currently the exclusive supplier in Korea, with a track record of supplying the Barakah Nuclear Power Plant in the United Arab Emirates (UAE).

Woojin Entec, a subsidiary specializing in maintenance of core instrumentation and control equipment for nuclear power plants, is also on the rise. In addition to nuclear power plant maintenance projects, Woojin Entec is expanding investments in the decommissioning sector as a new growth engine.

Meanwhile, last month Woojin signed a supply contract worth 6.3 billion KRW with Doosan Enerbility for MMIS (Nuclear Power Plant Instrumentation System) RSPT (Rod Position Transmitter). The MMIS RSPT is an instrumentation device that detects the position of control rods that regulate reactor output and is one of the core instrumentation devices related to core control.