South Korea’s Pro-Nuclear President-Elect Boosts Atomic Stocks
- Bosung Power, Kepco E&C surge as conservative candidate wins
- Yoon backs plans to utilize atomic power in reaching net zero
Yoon Suk-yeol speaks at his campaign office in the National Assembly in Seoul on March 9.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Nuclear energy-related stocks in South Korea surged following the election of Yoon Suk-yeol, as the new president supports policies that favor using atomic power to help meet climate targets.
Suppliers of nuclear reactor equipment and components, including Kepco Engineering & Construction Co. and Korea Electronic Power Industrial Development Co., gained on Thursday. Bosung Power Technology Co. spiked, becoming one of the top gainers for this year in the tech- and health care-heavy Kosdaq Index. Other construction firms such as Doosan Heavy Industries & Construction Co. and GS Engineering & Construction Corp. have also climbed.