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KRX:034020

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Asia

South Korea Pitches Chip Expansion, Market Reforms at New York Summit

South Korean President Lee Jae Myung announced plans to double semiconductor capacity and build AI supply chains, urging fresh US investment at the Korea Investment Summit in New York on Thursday.Lee highlighted three tech megaprojects and the 7 SEED initiative targeting next-generation sectors like small modular reactors, nuclear fusion and renewables.The president outlined key market reforms, including Commercial Act amendments on shareholder duty of loyalty, treasury share cancellations, and 24-hour forex trading.The summit drew leaders including BlackRock's Larry Fink, Citigroup's Jane Fraser, and PIMCO's Emmanuel Roman, alongside executives from Samsung Biologics (KRX:207940), SK (KRX:034730), Hyundai Motor (KRX:005380), LG CNS (KRX:064400), Hanwha Ocean (KRX:042660), Doosan Energy (KRX:034020) and APR (KRX:278470).

KOSPIKRX:005380KRX:034020KRX:034730KRX:042660KRX:064400KRX:207940KRX:278470
Asia

Nomura Adjusts Doosan Enerbility's Price Target to KRW110,000 From KRW100,000, Keeps at Buy

Doosan Enerbility (KRX:034020) has an average rating of buy and mean price target of 127,300 won, according to analysts polled by FactSet.

KRX:034020
Asia

Doosan Enerbility Secures KRW666 Billion Order for Ha-Dong Combined Cycle Power Plant

Doosan Enerbility (KRX:034020) won a 665.85 billion won construction order contract from Korea Southern Power to purchase and install power generation facilities at the Ha-Dong plant in Gyeongsangnam-do, South Korea.The contract runs from Jan. 2, 2027, to Dec. 31, 2029, with payments tied to project progress, according to a Tuesday filing.The effective order date is Aug. 28, and Doosan said the contract amount, period and scope may be adjusted during execution.

KRX:034020
Asia

Doosan Enerbility Secures KRW928 Billion Construction Contract in Oman

Doosan Enerbility (KRX:034020) secured a 928.14 billion won construction contract with Jabel Power SAOC for the Misfah Independent Power Project in Oman, according to a Friday filing with the Korean Exchange.The South Korean energy company said the contract represents 5.4% of its consolidated sales in 2025, and the payment for the project contract will be made based on project milestones.The contract runs from Aug. 20, 2026, to April 1, 2029, with the start date based on the signing of the contract, while the completion date reflects the commercial operation date.

KRX:034020
Asia

Market Chatter: Doosan Enerbility Wins TerraPower SMR Equipment Order

Doosan Enerbility (KRX:034020) has secured a contract from U.S. nuclear firm TerraPower to supply key components for its advanced small modular reactor project, Yonhap News Agency reported on Thursday, citing the company.The deal covers guard vessels, internal structures, and support systems for the Natrium reactor, though the value was not disclosed, the news daily said.The project builds on a 2024 preliminary review agreement between the two companies for the 345-megawatt unit, which broke ground earlier this year in Wyoming, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:034020
Asia

Doosan Confirms Preferred Bidder Status for Offshore Wind Project

Doosan Enerbility (KRX:034020) has confirmed that a consortium led by Korea Hydro & Nuclear Power, in which it participates, has been selected as the preferred negotiator for the Southwest Offshore Wind Expansion Phase 1 project.The energy company was responding to media reports on July 10, clarifying that no specific details, including the project value, have been finalized, according to a bourse filing on Friday.Doosan said that it will disclose further information once concrete matters are determined or within three months.

KRX:034020
Asia

Doosan Enerbility's Q2 Net Attributable Income Jumps 20%, Sales Up 3%

South Korean heavy industrial company Doosan Enerbility (KRX:034020) posted a 20% year-over-year increase in net income attributable to shareholders of the parent to 157.6 billion won for the second quarter from 130.9 billion won.Sales rose 3% to 4.724 trillion won from 4.569 trillion won for the three months ended June 30, according to a Monday filing with the Korea Exchange.Shares of Doosan Enerbility fell nearly 2% at market close.

KRX:034020

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