Doosan Enerbility is experiencing a surge in stock prices due to the South Korean government's expansion of tax support for small modular reactors (SMRs) and anticipation surrounding a visit from Bill Gates, founder of TerraPower.
As of 1:01 PM on August 4, Doosan Enerbility's shares rose by 3,600 won (5.32%) to 71,300 won, according to the Korea Exchange.
The increase in stock price is attributed to the government's announcement of its '2026 Tax Reform Plan,' which includes SMRs and micro modular reactors (MMRs) as part of the country's strategic technologies for future energy. As a result, related companies can receive tax credits of 30-50% on research and development (R&D) costs and 15-30% on facility investment costs.
The news of Bill Gates' visit has also boosted investor sentiment. Industry insiders expect discussions between Gates and the Prime Minister to focus on strategies to meet the rising power demand driven by the expansion of artificial intelligence (AI) data centers and semiconductor clusters.
Doosan Enerbility is recognized as a leading nuclear power company in South Korea, having established competitiveness in the fields of reactors, steam generators, and gas turbines. The company has also formed partnerships with global SMR firms such as TerraPower, NuScale Power, and X-energy.
Lee Sang-hun, a researcher at iM Securities, stated, "We expect new orders to become visible in the second half of the year, including contracts for the Czech nuclear power plant and SMR equipment. The expansion of the overseas nuclear power market in the U.S. and Saudi Arabia, along with increased SMR production capacity, will likely lead to a rise in orders."
* This article has been translated by AI.
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