Annual Statement of Changes in Beneficial Ownership (5)

FORM 5 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [ ] Form 3 Holdings Reported [X] Form 4 Transactions Reported	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response... 1.0
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* IBK Securities Co., Ltd.	2. Issuer Name and Ticker or Trading Symbol NUSCALE POWER Corp [SMR]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) 11 GUKJEGEUMYUNG-RO 6-GIL, YEONGDEUNGPO-GU	3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/31/2022
(Street) SEOUL, M5 07330 (City) (State) (Zip)	4. If Amendment, Date Original Filed(MM/DD/YYYY)	6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	7/20/2022		S4	83860	D	$11.2990	200000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/8/2022		S4	7000	D	$15.1193	193000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/9/2022		S4	28000	D	$14.9677	165000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/24/2022		S4	15000	D	$15.3827	150000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/25/2022		S4	10000	D	$15.2736	140000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/26/2022		S4	2411	D	$14.8892	137589	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	9/6/2022		S4	37589	D	$14.4281	100000	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	9/26/2022		S4	13824	D	$12.3823	86176	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	10/5/2022		S4	43000	D	$11.6637	43176	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	10/6/2022		S4	43176	D	$11.5271	0	D ⁽¹⁾⁽¹²⁾
Class A Common Stock	8/26/2022		C4	372420	A	⁽²⁾	372420	I ⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote ⁽³⁾⁽¹²⁾
Class A Common Stock	12/7/2022		S4	35000	D	$10.8764	337420	I ⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote ⁽³⁾⁽¹²⁾
Class A Common Stock	12/8/2022		S4	35000	D	$10.9717	302420	I ⁽³⁾	Next Tech 2 New Technology Investment Fund. See Footnote ⁽³⁾⁽¹²⁾
Class A Common Stock	11/16/2022		C4	4241765	A	⁽⁴⁾	4241765	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/28/2022		S4	52489	D	$11.0192 ⁽⁶⁾	4189276	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/29/2022		S4	50000	D	$10.7702	4139276	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	11/30/2022		S4	53376	D	$10.8402 ⁽⁷⁾	4085900	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/1/2022		S4	50000	D	$10.9201	4035900	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/2/2022		S4	71927	D	$10.9719 ⁽⁸⁾	3963973	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/5/2022		S4	50000	D	$10.9435	3913973	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/6/2022		S4	51329	D	$10.8810 ⁽⁹⁾	3862644	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/7/2022		S4	96659	D	$10.8931 ⁽¹⁰⁾	3765985	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾
Class A Common Stock	12/8/2022		S4	88198	D	$10.9752 ⁽¹¹⁾	3677787	I ⁽⁵⁾	Next Tech 1 New Technology Investment Fund. See Footnote ⁽⁵⁾⁽¹²⁾

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock		8/26/2022		C4		372420	⁽²⁾	⁽²⁾	Class A Common Stock	372420	⁽²⁾	0	I ⁽³⁾	See Footnote ⁽³⁾⁽¹²⁾
Class B Common Stock		11/16/2022		C4		4241765	⁽⁴⁾	⁽⁴⁾	Class A Common Stock	4241765	⁽⁴⁾	0	I ⁽⁵⁾	See Footnote ⁽⁵⁾⁽¹²⁾

Explanation of Responses:
(1)	The reported securities of the Issuer were directly held by IBK Securities Co., Ltd. ("IBKS").
(2)	Reflects the exchange of 372,420 shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer, each paired with one Class B Unit of NuScale Power, LLC, for 372,420 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer.
(3)	The reported securities were directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 2. IBKS disclaims any beneficial ownership of the securities held by NextTech 2, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
(4)	Reflects the exchange of 4,241,765 shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer, each paired with one Class B Unit of NuScale Power, LLC, for 4,241,765 shares of Class A Common Stock.
(5)	The reported securities were, or are, directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 1. IBKS disclaims any beneficial ownership of the securities held by NextTech 1, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
(6)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.0069 to $11.2400, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(7)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8380 to $10.9100, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(8)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8200 to $11.1200, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(9)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8789 to $11.0000, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(10)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8400 to $11.0400, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(11)	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.9200 to $11.0700, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
(12)	Industrial Bank of Korea ("IBK"), as the controlling person of IBKS, and the Republic of Korea Ministry of Economy and Finance ("MOEF"), as the controlling person of IBK, are deemed to be indirect beneficial owners of the shares of Class A Common Stock owned by IBKS, Next Tech 1 and Next Tech 2 and the shares of Class B Common Stock owned by NuScale Korea. IBK and MOEF disclaim any beneficial ownership of the securities held by IBKS, Next Tech 1, Next Tech 2, and NuScale Korea, other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
IBK Securities Co., Ltd. 11 GUKJEGEUMYUNG-RO 6-GIL YEONGDEUNGPO-GU SEOUL, M5 07330		X

Signatures
/s/ Chan Geol Moon		2/13/2023
^**Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.