[Stock in Focus] Taewoong Surges on SMR Component Order Expectations... Hits Record High

Taewoong shares surged on expectations of orders for small modular reactor (SMR) components, following positive analysis from securities firms. The stock hit a new 52-week high during intraday trading.

As of 9:11 a.m. on May 30, Taewoong was trading at 22,950 won on the Korea Exchange, up 850 won (3.85%) from the previous day. The stock climbed as high as 24,450 won during the session, setting a new 52-week record.

On this day, NH Investment & Securities raised its target price for Taewoong by 60% to 28,000 won, citing growth opportunities stemming from increased demand for forged products in downstream markets. Kwak Jaehyuk, a researcher at NH Investment & Securities, explained, "The expansion of flange production, which was a factor impacting 2025 performance, does not undermine the operating value of other or shipbuilding divisions. Instead, attention should be paid to growth opportunities from a volume perspective, given the shortage of forged product supply in downstream markets such as SMRs and plants."

Previously, in February, Taewoong successfully signed a contract to supply forged components for a 300MW-class SMR in Canada. Kwak noted, "Revenue related to this contract is expected to be recognized in the third quarter of this year. The fact that Taewoong has succeeded in securing SMR component orders and has become part of the SMR value chain is noteworthy. Since 2012, Taewoong has exported CASK (cask for the transport and storage of spent nuclear fuel) products for nuclear power plants, and since 2020, it has continued to collaborate with U.S. nuclear power and SMR component companies."