Westinghouse Electric Company and South Korea’s Hyundai Engineering & Construction have signed an agreement to “jointly participate in global AP1000 plant opportunities,” the Pennsylvania-based nuclear technology firm announced on May 24.

The election last week of Yoon Suk Yeol as president of South Korea has provided a big boost for that nation’s nuclear energy-related stocks. Yoon, of the conservative People Power Party, defeated Lee Jae-myung, of the incumbent liberal Democratic Party, on a pro-nuclear platform. As reported by marketwatch.com, Yoon has promised to “reinvigorate the nuclear-energy industry by reactivating suspended atomic power plants and resuming building new ones.”