[Featured Stock] "Beneficiary of the Nuclear Renaissance"... KEPCO Hits Record High

Korea Electric Power Corporation (KEPCO) is showing strong performance in early trading.

As of 9:03 a.m. on June 25, KEPCO was trading at 38,300 won, up 12.32% (4,200 won) from the previous day. At one point during the session, the price surged to 38,500 won, setting a new 52-week high.

The stock’s rally is attributed to growing investor sentiment, as analysts suggest that KEPCO is entering a phase where its hidden business value is being revealed as a beneficiary of the nuclear power industry expansion.

Moon Kyungwon, a researcher at Meritz Securities, explained, “KEPCO or Korea Hydro & Nuclear Power (KHNP) plays a comprehensive role in EPC and operation for overseas nuclear power exports. The client places an EPC turnkey contract with KHNP (or KEPCO), which then subcontracts to equipment manufacturers such as Doosan Enerbility and construction companies like Hyundai Engineering & Construction, Samsung C&T, and Daewoo Engineering & Construction.”

Moon further stated, “From the late 2020s to 2050, the annual global construction of large-scale nuclear power plants is expected to exceed 20GW. If Team Korea secures just one project per year, KHNP (or KEPCO) could win contracts worth over 20 trillion won annually. In addition, exports of the i-SMR, which is expected to receive standard design approval in 2028, are also anticipated.” Although there is conflict between KEPCO and KHNP over export leadership, Moon pointed out that since KEPCO owns 100% of KHNP’s shares, the two can be viewed as a single entity from a stock investment perspective.