**U.S. to Quadruple Nuclear Capacity Expansion… Global Nuclear Revival**
**Doosan Enerbility & Hyundai Construction, Largest ETF Inclusions**
On the 18th, Jeong Eui-hyun (right), head of the ETF Operations Division at Mirae Asset Management, explained the product in a webinar for the new listing of the ‘TIGER Korea Nuclear Power’ ETF. / Captured from Mirae Asset Management’s YouTube
Mirae Asset Management is launching a new exchange-traded fund (ETF) that invests in the Korean nuclear power industry. The company explained that with this, they have completed the “Cho-Bang-Won” ETF lineup, covering shipbuilding, defense, and nuclear power.
On the 18th, Mirae Asset Management held a webinar announcing the new listing of the ‘TIGER Korea Nuclear Power’ ETF, which will be listed on the 19th.
This product includes key stocks involved in Korean nuclear power exports. Doosan Enerbility and Hyundai Construction have significant weightings of 26.5% and 23.2%, respectively.
Jeong Eui-hyun, head of the ETF Operations Division at Mirae Asset Management, stated, “With the global proliferation of AI technology, the demand for electricity in data centers is rapidly increasing, bringing attention to Korea’s nuclear power development capabilities. Among these, Doosan Enerbility and Hyundai Construction stand out as major beneficiaries due to their pivotal roles in Korean nuclear exports.”
In fact, the power demand due to AI in the United States is projected to grow from 8 TWh (terawatt-hours) last year to approximately 652 TWh by 2030, an increase of about 81 times. This figure is comparable to the entire annual power consumption of South Korea (550~600 TWh).
The global policy environment is also supporting the expansion of nuclear power. Jeong stated, “The U.S. government recently signed an executive order to increase nuclear power generation capacity by more than four times and pursue the construction of over 10 new large nuclear plants. With this, the global nuclear industry has entered a ‘big cycle’.”
South Korea is particularly noted as the most prominent country in the global nuclear market. Jeong noted, “While the U.S. and France have faced frequent delays and cost overruns in nuclear construction processes, Korea has completed the UAE Barakah nuclear plant on budget and on schedule, securing international trust.”
Jeong further mentioned, “Currently, the countries capable of nuclear construction within the free democratic camp are Korea, the U.S., and France, with Korea being the most competitive in terms of cost and reliability. The ‘TIGER Korea Nuclear Power’ ETF focuses on investing in leading Korean nuclear stocks like Doosan Enerbility and Hyundai Construction, aiming to benefit the most from the global nuclear cycle.”
With this listing, the TIGER ETF has completed its so-called ‘Cho-Bang-Won’ trio lineup in shipbuilding, defense, and nuclear. Mirae Asset Management stated, “We will focus on investing in leading industries that maintain global competitiveness despite external variables like tariff uncertainties.”
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