[Focus Stock] Nuclear Power Shares Rally on Expectations of Stronger Korea-US Cooperation

Korean nuclear power stocks are on the rise amid expectations of strengthened nuclear cooperation between South Korea and the United States.

As of 11:23 a.m. on the 4th, Korea Plant Service & Engineering was trading at 150,000 won on the Korea Exchange, up 13.55% from the previous session. Korea Electric Power Industrial Development was trading at 16,640 won, up 24.55% from the previous trading day.

At the same time, most nuclear power-related stocks were also showing strength. Daewoo Engineering & Construction rose 8.79%, Taihan Cable 9.74%, Korea Electric Power Corporation 5.71%, Doosan Enerbility 4.39%, and Hyundai Engineering & Construction 2.95%.

The share price gains are interpreted as being driven by news of strengthened cooperation between South Korea and the United States on nuclear power. On the 3rd (local time), Foreign Minister Cho Hyun held talks in Washington, D.C. with U.S. Secretary of State Marco Rubio, and they agreed to work closely together to expand South Korea's investment to help rebuild key U.S. industries such as civilian nuclear power and nuclear-powered submarines.

In a report released the same day, Lee Minjae, an analyst at NH Investment & Securities, raised his target price for Korea Electric Power Corporation to 80,000 won, stating, "As the need for a large-scale nuclear power plant project that can break ground before the U.S. midterm elections in November comes to the fore, Korea Electric Power Corporation is the only option that can be chosen," adding, "We expect its role to expand across the board."

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