[Featured Stock] Woojin Obtains Operation Permit for UAE Barakah Unit 3... Strengthened by Parts Supply Track Record
[Asia Economy Reporter Jang Hyowon] Woojin is on the rise following the news of the operational readiness of the Barakah Unit 3 nuclear power plant in the United Arab Emirates (UAE), to which it supplied nuclear power plant components.
As of 9:40 AM on the 20th, the stock is trading at 12,100 KRW, up 550 KRW (4.76%) compared to the previous trading day.
Nawah, a joint venture between Korea Electric Power Corporation (KEPCO) and the UAE Nuclear Energy Corporation, announced on the 17th that it obtained the operating license for Unit 3 from the UAE Federal Authority for Nuclear Regulation (FANR) and has begun fuel loading.
As the number of operational units at the Barakah nuclear power plant?the first Korean-designed nuclear power plant export?increases, Woojin is expected to benefit from supplying equipment. Woojin is a specialized manufacturer of industrial precision measuring instruments and supplies equipment to domestic and international nuclear power plants, including Barakah.
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A Woojin representative stated, “We recently supplied spare indicator gauges to the Barakah nuclear power plant in April,” adding, “Discussions are also underway regarding the supply of spare parts for various devices such as In-Core Instrumentation (ICI).”
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