Construction-related stocks were strong early on the 20th. It is seen as the impact of news that, as the government accelerates the fulfillment of investment in the United States, nuclear power plant construction is being cited as a leading project.
As of 9:51 a.m. on the day in the Korea Exchange, GS Engineering & Construction was trading at 38,000 won, up 4,850 won (18.69%) from the previous session. At the same time, Daewoo Engineering & Construction was trading at 18,990 won, up 2,820 won (17.44%) from the previous session.
As plans proceed to carry out $350 billion (about 521 trillion won) in investment in the United States, buying appears to be concentrated on expectations that nuclear power plant construction will be Korea's first U.S. investment project.
Recently, the government has been accelerating the establishment of systems related to investment in the United States. On the 17th, after the Cabinet approved the Special Act for Korea-U.S. Strategic Investment Management (Special Act on Investment in the United States), a follow-up legislative measure to the Korea-U.S. tariff negotiations, the government on the 18th launched the Korea-U.S. Strategic Investment Corporation Establishment Committee, a working-level committee for investment in the United States.
Earlier, the government mentioned nuclear power plant construction as a leading project for investment in the United States. Prime Minister Kim Min-seok met with reporters after meeting U.S. President Donald Trump at the White House on the 13th and said, "Two or three ideas, including nuclear power plants and other investment ideas, are under serious review."