[Featured Stocks] Boseong Powertech and Other Nuclear Power-Related Stocks ↑... Expectations for Support of the Nuclear Power Industry
[Asia Economy Reporter Hwang Yoon-joo] As Yoon Seok-yeol, the People Power Party candidate, was elected as the 20th president, nuclear power-related stocks are soaring simultaneously.
As of 9:50 a.m. on the 10th, Boseong Powertech is trading at 7,460 KRW, up 26.44% compared to the previous trading day. Woori Technology and Doosan Heavy Industries, considered nuclear power-related stocks, are trading at 2,435 KRW and 21,800 KRW, up 12.99% and 4.81%, respectively.
President-elect Yoon announced a pledge to maintain the share of nuclear power generation at 30% and to support the development and commercialization of next-generation nuclear power plants, including Small Modular Reactors (SMRs). Along with this, he stated that the nuclear power alliance with the United States, established last year, will be gradually developed.
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It is interpreted that expectations are at work that the new government will support the nuclear power industry, moving away from the previous anti-nuclear power policy.
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