The first nuclear power plant in our country, Gori Unit 1. /Courtesy of News1

As the approval review for the decommissioning of Gori Unit 1 approaches, stock prices related to nuclear power plant decommissioning have skyrocketed. (☞ Will the 500 trillion won nuclear decommissioning market open up… Approval for Gori Unit 1 decommissioning imminent)

Orbitech stock traded at 3,935 won on the KOSDAQ market at 3:07 p.m. on the 19th. The stock price rose by 29.87% (905 won) from the previous day, reaching the upper limit (the highest end of the daily price cap). Orbitech has radiation safety management and waste analysis and processing technologies, classifying it as a stock related to nuclear power plant decommissioning.

WOOJIN, which has a business in radioactive decontamination, also saw its stock price jump over 20%. Stocks related to nuclear power plant decommissioning, including Woori Technology, VITZRO TECH, KEPCO E&C, and KEPCO KPS, are also strong across the board.

According to the nuclear power industry, the Nuclear Safety And Security Commission is scheduled to hold a plenary session on the 26th to present the 'Gori Unit 1 decommissioning approval agenda.' It has been eight years since Gori Unit 1 was permanently shut down in June 2017.

Once the decommissioning of Gori Unit 1 is finalized, domestic companies may also eye overseas market expansion as they participate in the project. While the unit is in a permanent shutdown state, there are still 189 nuclear power plants that have not yet been decommissioned. The nuclear decommissioning market is expected to grow as the number of plants headed for permanent shutdown increases.