Wind Power on the Rise in South Korea

With soaring oil prices and growing public awareness of the changing environment, wind power stocks in South Korea are enjoying increasing investor interest. Experts say that stocks in wind turbine manufacturers, power plant builders and engineering companies are likely to see upward momentum as both the local and overseas markets continue to grow in the coming years.

“The wind power industry shows the fastest pace of growth among alternative energy industries. Stocks of KR Co., in particular, could rise further as the company is landing big scale contracts overseas,” said Kim Hee-sung of Hanyang Securities Co. Unison, STX Engine, and Hyosung are also expected to see their bottom line improve as they are building or are soon to start building, wind turbine power plants across the country. Doosan Heavy Industries & Construction Co. is also drawing investor interest after it recently announced a plan to enter the wind industry.
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