Fact Source: Financial Supervisory Service DART Market: KOSPI (015760)
💡 3-Second Summary
KEPCO filed a corrected disclosure to specify the case number for an arbitration claim of approx. USD 1.1 billion (approx. KRW 1.66T) brought by Korea Hydro & Nuclear Power (KHNP) before the Korean Commercial Arbitration Board regarding the UAE Nuclear Power Plant project.
📊 Key Disclosure Content & Financial Highlights
• Disclosure Title: (Correction) Filing of Legal Proceedings
• Correction Date: May 22, 2026
• Correction Reason: Addition of confirmed case number
• Correction Details:
- Case Number: (Before Correction) – → (After Correction) KCAB/IA No. 26112-0010
• Case Title: Arbitration regarding the Operation Support Service Agreement for the UAE Nuclear Power Plant Project
• Claimant: Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
• Jurisdiction Court: Korean Commercial Arbitration Board (KCAB)
• Claim Details: On May 21, 2026, the claimant, KHNP, filed for arbitration with the KCAB requesting KEPCO to pay approximately USD 1.1 billion in relation to the Operating Support Services Contract for the UAE Nuclear Power Plant Project.
• Claim Amount: KRW 1,660,670,000,000 (KRW ~1.66T / USD ~1.1B)
- FX Rate Applied: 1,509.7 KRW/USD (Hana Bank initial rate on May 21, 2026)
• Company Financial Metrics & Ratio:
- Total Equity: KRW 49,322,943,787,753 (KRW ~49.3T, based on 2025 consolidated financial statements)
- Ratio to Equity: 3.37%
- Large Corporation Status: Yes
• Countermeasures: KEPCO plans to actively respond to the KCAB arbitration proceedings through legal counsel.
• Filing Date & Confirmation Date: May 21, 2026
• Other Key Notes:
- KEPCO does not agree with the claim amount submitted by the claimant.
- The arbitration was filed with the KCAB as both parties agreed to change the jurisdiction venue.
- The existing arbitration pending before the London Court of International Arbitration (LCIA) is scheduled to be withdrawn.
• Related Disclosure: Filing of Legal Proceedings dated May 08, 2025
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Confirmed Case Number and Subsequent Arbitration Progress
This corrected filing updates the disclosure to include the assigned case number (KCAB/IA No. 26112-0010) following the mutual agreement between parties to transfer the venue to the Korean Commercial Arbitration Board (KCAB). Checking the withdrawal status of the prior proceedings before the London Court of International Arbitration (LCIA) and tracking the subsequent progress before the KCAB is important for understanding the continuity of this arbitration claim. Relevant details can be verified through subsequent periodic official filings and future related disclosures.
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Source: This content was structured and newly authored based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
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