TIGER Korea Nuclear Power ETF Newly Listed

Mirae Asset Global Investments announced on August 19 that it will list the 'TIGER Korea Nuclear Power ETF' on the Korea Exchange.

The TIGER Korea Nuclear Power ETF invests in companies leading K-nuclear power exports and in those at the forefront of next-generation nuclear technologies such as Small Modular Reactors (SMR). The ETF's underlying index is the 'iSelect Korea Nuclear Power Index,' which, as of August 18, allocates 26.5% to Doosan Enerbility and 22.6% to Hyundai Engineering & Construction. This represents the highest allocation among nuclear power investment ETFs currently listed in Korea.

Doosan Enerbility manufactures the engines for K-nuclear power plants, producing main nuclear equipment (NSSS) such as reactors and steam generators. The company plays a key role not only in large-scale nuclear plants but also in the SMR sector. Recently, it has been strengthening strategic partnerships with US SMR development companies, raising expectations for its emergence as a global SMR foundry.

Hyundai Engineering & Construction is the only domestic construction company capable of building both large-scale nuclear plants and SMRs, having constructed a total of 24 Korean-type nuclear reactors. Recently, through a consortium with Westinghouse in the United States, the company signed a design contract for a new nuclear power project in Bulgaria, further enhancing its competitiveness in the global nuclear construction market.

The TIGER Korea Nuclear Power ETF includes a number of companies belonging to the 'Team Korea' for nuclear power exports, such as KEPCO E&C, KEPCO KPS, and Daewoo Engineering & Construction. These companies are responsible for various stages of the nuclear power business, including design, operation, maintenance, and construction, and are expected to benefit from nuclear power exports. It also allows for the highest allocation among domestic nuclear ETFs to SMR-related companies, which are attracting attention as next-generation nuclear technology. As of August 18, the combined investment in key companies with SMR technology competitiveness, including Doosan Enerbility, Hyundai Engineering & Construction, and BHI, amounts to 54.5%.

Jung Hyun Jeong, Head of ETF Management at Mirae Asset Global Investments, stated, "Within five years, generative AI will drive electricity demand in the United States to levels surpassing Korea's annual consumption," and added, "Among US allies, Korea is the only country capable of supplying main nuclear equipment and handling construction." He continued, "In addition to Team Korea's export of Korean-type nuclear power plants, we expect that in the future, Doosan Enerbility will manufacture and Hyundai Engineering & Construction will build nuclear plants designed by US companies."

To commemorate the launch of the TIGER Korea Nuclear Power ETF, Mirae Asset Global Investments will hold a listing event for trading customers. Some customers who meet the daily trading conditions for the ETF at Eugene Investment & Securities will receive cultural gift certificates. Detailed information on the event can be found on the brokerage's website.

With the new listing of the TIGER Korea Nuclear Power ETF, Mirae Asset Global Investments has become the first domestic asset manager to complete an ETF lineup investing in the 'Shipbuilding, Defense, and Nuclear Power' industries. The TIGER Shipbuilding TOP10 ETF and TIGER K-Defense & Space ETF have recently emerged as representative beneficiaries following the conclusion of Korea-US tariff negotiations. The company expects to fully benefit from the growth of these industries.