As news spreads that U.S. nuclear power company Westinghouse Electric is pursuing an initial public offering (IPO), attention is also turning to nuclear power-related stocks in Korea. Woori Technology closed at 13,430 won, up 30 won from the previous trading day, showing a firm flat performance.

▲ Westinghouse Targets Corporate Value Exceeding $50 Billion

Westinghouse is reportedly aiming for a corporate value of more than $50 billion through a listing on the U.S. stock market. Separately, the Korean side is negotiating with the U.S. side over a plan to acquire a 5–10% stake in Westinghouse. However, the investment scale and method have not yet been finalized.

▲ Attention Expands to SMRs; AP300 Under Development

It is also notable that Westinghouse is pursuing small modular reactor (SMR) business in addition to large-scale nuclear power plants. Westinghouse is developing the AP300 SMR based on AP1000 technology, and the company explains that the AP300 is structured to leverage the existing AP1000's technology and supply chain.

▲ Woori Technology Positions Itself in SMRs, Targeting Instrumentation and Control (MMIS)

Woori Technology also sees SMRs as one pillar of its future nuclear power business. Woori Technology, whose main business is the nuclear power instrumentation and control system (MMIS) sector, announced plans to expand its nuclear power and SMR businesses in August after securing 40 billion won in investment funds. A portion of the raised funds is planned to be allocated to research and development of the innovative small modular reactor (i-SMR).

However, it has not been confirmed that Westinghouse's AP300 SMR business and Woori Technology's SMR business are connected through direct supply contracts or partnerships.

As the U.S. nuclear power and SMR market gains prominence amid Westinghouse's IPO and Korea's stake investment negotiations, whether Woori Technology, which holds domestic nuclear power instrumentation and control technology, will expand its business going forward has become a key point of market attention.

[The conditions and timeline of Westinghouse's IPO and the stake investment have not yet been finalized, and a direct SMR business link between Westinghouse and Woori Technology has not been confirmed. This article is not a recommendation to invest in any particular stock, and the final judgment and responsibility for investments rest with the investor. This article was partially assisted by AI in the writing process.]