[Featured Stock] Woojin Rises on Expectations of Additional UAE Barakah Nuclear Power Plant Orders

Woojine, a specialized company in nuclear power plant instrumentation, is on the rise regarding the potential for additional overseas exports of Korean-type nuclear power plants.

As of 10:10 AM on the 7th, Woojin is trading at 9,730 KRW, up 3.51% compared to the previous day.

According to domestic media reports, on the 6th, executives from Korea Electric Power Corporation (KEPCO), Korea Hydro & Nuclear Power (KHNP), and the Barakah nuclear power plant client, Emirates Nuclear Energy Corporation (ENEC), recently held a video conference to exchange opinions on cooperation for the construction of Barakah Units 5 and 6.

The Barakah nuclear power plant is Korea's first exported nuclear power plant, with a total of four units constructed in the United Arab Emirates (UAE). Currently, Units 1 through 3 have started operation, and Unit 4 has completed construction and is preparing for operation.

Woojine supplied key instrumentation devices during the construction of the Barakah nuclear power plant. In 2021, Woojin was recognized as an instrumentation equipment supplier by Nawah Energy Company, the operator of the Barakah nuclear power plant, and was registered as a 'nuclear item supplier.' This year, Woojin also began supplying spare parts for In-Core Instrumentation (ICI).

A company representative stated, "If additional nuclear power plant exports proceed, the demand for nuclear power plant instrumentation devices could increase further," adding, "In the case of ICI, since it is a consumable that requires regular replacement, continuous supply will be maintained."

This content was produced with the assistance of AI translation services.