The final approval for the decommissioning of the Gori-1 nuclear power plant, the first nuclear power plant in Korea, has been granted, leading to a bullish trend in related stocks during the pre-market (8 a.m. to 8:50 a.m.) on the 27th.
WONIL T&I shares were traded at 35,000 won on NextTrade at 8:26 a.m. that day. This marked a 20.07% increase (5,850 won) from the previous closing price. WONIL T&I has been recognized as a theme stock in nuclear decommissioning as it produces key devices for tritium removal equipment (TRF).
Other nuclear decommissioning-related stocks are also showing an upward trend. WOOJIN Ntec and VITZRO TECH saw their stock prices rise by double digits at the same time. Shares of WOOJIN and KEPCO KPS were also traded at higher prices than the previous day.
The Nuclear Safety and Security Commission voted the previous day to approve the decommissioning of Gori-1. Gori-1 began commercial operations in 1978, was permanently shut down in 2017, and this marks 8 years since then. This is the first time a commercial nuclear power plant decommissioning decision has been made in Korea.
The expense for decommissioning Gori-1 has been estimated at 1.0713 trillion won. This reflects 808.8 billion won for managing the decommissioning project and activities, and 262.5 billion won for waste disposal. Korea Hydro & Nuclear Power expects the decommissioning of Gori-1 to be completed around 2027.
The market anticipates that domestic companies will participate in the Gori-1 decommissioning project, accumulating performance that could allow them to enter the overseas nuclear decommissioning market. Although currently in a permanent shutdown state, there are still 189 nuclear power plants worldwide that have not been decommissioned.