[Market Focus] Nuclear Decommissioning Stocks Surge on Kori Unit 1 Approval... VitroTech Up 25%

Shares of nuclear decommissioning-related companies such as VitroTech are showing strong gains in early trading.

As of 9:05 a.m. on June 27, VitroTech was trading at 10,740 won, up 25.61% (2,190 won) from the previous day. Wonil TNI and Woojin Entech were also posting notable increases, rising 17.67% and 14.62%, respectively.

Investor sentiment toward nuclear decommissioning stocks appears to have improved following the final approval for the decommissioning of Kori Unit 1, South Korea's first nuclear power plant. The Nuclear Safety and Security Commission approved the 'Kori Unit 1 Decommissioning Plan' the previous day. This is the first time that a commercial nuclear power plant in the country has received decommissioning approval. It comes 47 years after Kori Unit 1 began commercial operation in 1978, and 8 years after it was permanently shut down in 2017.

VitroTech, a company with expertise in power and radioactive control devices, is drawing attention in the nuclear decommissioning market based on its high- and low-voltage power equipment and specialized plasma technology. Wonil TNI has also joined the ranks of nuclear decommissioning theme stocks by producing core equipment for tritium removal facilities (TRF). Woojin Entech is being highlighted as a maintenance service provider that offers comprehensive solutions, including equipment diagnostics and performance improvements for nuclear and thermal power plants.