Stanley Druckenmiller, chairman of Duquesne Family Office, is set to visit South Korea to meet with executives from Doosan and Doosan Enerbility. The meeting is expected to focus on investment strategies.
According to industry sources, Druckenmiller plans to meet with senior management from Doosan and Doosan Enerbility at a location in Seoul on September 22. During his visit, he is also expected to meet with semiconductor companies such as Samsung Electronics and SK Hynix, as well as tech firms like Naver and Coupang.
This marks the first official announcement of Druckenmiller's visit to South Korea. His trip comes amid a surge in investments in artificial intelligence (AI) infrastructure, highlighting the growing role of South Korean companies in key sectors such as memory and semiconductor materials, power generation equipment, and power grids.
Notably, Doosan Enerbility is expanding its gas turbine business in the U.S., where demand for power from AI data centers is rapidly increasing. This year, the company secured contracts for 12 gas turbines and six steam turbines in North America.
Interest in nuclear power and small modular reactors (SMRs) is also on the agenda. Last month, Doosan Enerbility signed a contract to produce key components for sodium reactors with TerraPower in the U.S. Additionally, the company has been selected as a strategic partner for the production of essential components for the UK’s Rolls-Royce SMR, accelerating its entry into the global SMR supply chain.
There is speculation that Druckenmiller may express interest in Doosan's core materials for AI semiconductor substrates, such as copper-clad laminates (CCL).
Druckenmiller's recent expansion into the energy sector adds to the intrigue surrounding his meeting with Doosan. In the first quarter of this year, Duquesne Family Office acquired over $127 million in shares of Argentine oil and gas producer YPF and invested in Mexican energy company Vista Energy.
Industry analysts suggest that Druckenmiller's meeting with Doosan executives could lead to further investments in South Korea's energy sector.
In a February interview with JP Morgan, Druckenmiller stated, "I have significant investment positions in South Korea and Japan."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.