On the 23rd morning, Korea Electric Power Corporation shares were down 5%. The drop is seen as stemming from a report by global investment bank (IB) JPMorgan, which said Korea Electric Power Corporation is unlikely to benefit from nuclear power.
As of 9:37 a.m. that day, Korea Electric Power Corporation was at 62,700 won on the main bourse, down 3,300 won (5%) from the previous trading day.
On the 22nd, JPMorgan cut its investment rating on Korea Electric Power Corporation to neutral from overweight and set a target price of 59,000 won.
In a report, JPMorgan said, "It is a stretch to assess Korea Electric Power Corporation as a beneficiary of nuclear power engineering, procurement and construction (EPC)," and added, "It recorded losses on the past UAE Barakah Nuclear Power Plant project, and the Vietnam Ninh Thuan project, in which it appears likely to participate, also does not look like a highly profitable opportunity."