PRAGUE – Doosan Škoda Power, a subsidiary of South Korean industrial giant Doosan Enerbility, has marked a significant milestone by becoming the first power equipment company to be listed on the Prague Stock Exchange (PSE). The company's shares began trading on February 6th, following a successful initial public offering (IPO) that raised 151.6 billion won (approximately 115 million USD).

The listing ceremony was attended by key figures including PSE CEO Petr Koblic, South Korean Ambassador to the Czech Republic Hong Young-ki, Doosan Enerbility President Park Sang-hyun, and Doosan Škoda Power CEO Lim Young-ki.

Doosan Škoda Power, a leading supplier of steam turbines in Europe, has a strong track record in the Czech Republic and beyond. The company has been instrumental in supplying over 540 steam turbines across the continent. This successful IPO is expected to further solidify its position in the European market.

"This listing is a testament to Doosan Škoda Power's strong performance and growth potential," said Park Sang-hyun, President of Doosan Enerbility. "We are committed to supporting the company's continued success and its role in driving innovation in the power generation sector."

The funds raised through the IPO will be used to upgrade production facilities, invest in research and development, and further expand the company's presence in the European market. Doosan Škoda Power is also expected to play a key role in Team Korea's efforts to secure contracts in the European nuclear power market.

This landmark listing not only highlights the growing prominence of Doosan Škoda Power but also underscores the strong economic ties between South Korea and the Czech Republic.