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Woongjin Energy Rises on Hope Renewable Energy Demand to Rise

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March 15 (Bloomberg) -- Woongjin Energy Co. led South Korean solar and wind power parts makers higher in Seoul trading on speculation demand for renewable energy will increase after explosions at nuclear reactors in Japan, Cho Seung Yeon, an analyst at HMC Investment Securities Co.

Woongjin Energy gained 4.6 percent to 14,900 won as of 1:50 p.m. Seoul time, while OCI Co. advanced 4.3 percent to 421,500 won. Taewoong Co., maker of parts for wind power plants, rose 4.6 percent.

Link to Company News:{044490 KS <Equity> CN <GO>} Link to Company News:{103130 KS <Equity> CN <GO>}

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net

To contact the editor responsible for this story: Sangim Han at sihan@bloomberg.net

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