Korea Electric Power (KEP) is an $18.3 billion power utility based in Korea.
It may come as some surprise then, that the company's most exciting news this week actually comes from the Middle East. On Sunday, the United Arab Emirates announced a $40 billion deal it had reached with KEP to build four nuclear reactors for power generation. The deal had search volume up significantly for KEP and pushed shares up significantly in Monday's premarket.
The deal presents an enormous opportunity for the Korean company, but not typically much for shorter-term Rocket Stock investors. Luckily, this week's shortened timeframe should let us ride this issue's gains without keeping open exposure to the deal.
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