In the afternoon on the 3rd, Korea's nuclear power-related stocks are all rising. The news came as the U.S. Minister of Commerce said part of Korea's investment funds for the United States would be prioritized for nuclear power plant construction in the U.S.
As of 2:33 p.m. that day, Hyundai E&C was trading at 70,200 won on the KOSPI, up 4,300 won (6.53%) from the previous session.
Korea's leading nuclear power stocks, including Doosan Enerbility and KEPCO E&C, are also strong.
Earlier, U.S. Minister of Commerce Howard Lutnick said on the 2nd (local time) that part of the total $750 billion in investments pledged by Korea and Japan for the United States would be prioritized for the construction of nuclear power plants in the U.S.
At a Cabinet meeting that day, the Minister said, "We must build a 'nuclear arsenal of generation of power' in the United States for electricity production, and we will carry out this work with hundreds of billions of dollars from Japan and Korea."
Earlier, the United States specified large nuclear power plants and small modular reactor (SMR) construction projects in a memorandum of understanding (MOU) on investment with Japan.