[Market Focus] Kangwon Energy Surges on Highlighted Participation in US SMR Project and 'MANUGA' Cooperation

Kangwon Energy shares are on the rise. Amid growing expectations for Korea-US nuclear power cooperation, the company’s previous participation in a US small modular reactor (SMR) project is drawing attention.

As of 10:18 a.m. on October 29, Kangwon Energy shares were trading at 16,140 won, up 11.31% from the previous day.

The news that the US government will invest 80 billion dollars (approximately 115 trillion won) in nuclear power appears to be a positive catalyst. In particular, it has been reported that the Korean government is discussing Korea-US trade negotiations centered around "MANUGA" (Make American Nuclear Great Again). MANUGA is a "package deal" that encompasses energy security, nuclear fuel systems, and power demand for artificial intelligence (AI) data centers.

In this context, Kangwon Energy’s history of participating in the US SMR project has emerged as a positive factor. It is reported that Kangwon Energy has supported the specification of steam boiler technology and system design from the initial development stage for the SMR project currently underway in North America this year.

Kangwon Energy is a specialized energy plant company that has supplied steam generators and related core components to Korea Hydro & Nuclear Power for large-scale nuclear power plant projects such as Shin Kori Units 1 and 2, Shin Wolsong Units 1 and 2, and Shin Ulchin Units 1 and 2.