Fact Source: Financial Supervisory Service DART
Market: KOSPI (015760)
💡 3-Second Summary
Korea Hydro & Nuclear Power (KHNP) filed an arbitration claim of approx. USD 1.1 billion (approx. KRW 1.66T) against KEPCO before the Korean Commercial Arbitration Board regarding the UAE Nuclear Power Plant project.
📊 Key Disclosure Content & Financial Highlights
• Disclosure Title: Filing of Legal Proceedings
• Case Title: Arbitration regarding the Operation Support Service Agreement for the UAE Nuclear Power Plant Project
• Case Number: – (Not specified at the time of filing)
• 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- The existing arbitration pending before the London Court of International Arbitration (LCIA) is scheduled to be withdrawn.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 Venue Transfer and Arbitration Proceedings
This disclosure reports that the arbitration previously pending before the London Court of International Arbitration (LCIA) has been refiled with the Korean Commercial Arbitration Board (KCAB) following a mutual agreement to change the venue. As KEPCO has stated it does not agree with the claim amount and intends to respond to the proceedings, tracking the progress of the KCAB arbitration and the official withdrawal of the LCIA case is important for understanding the continuity of the matter. Relevant details can be verified through future periodic official filings and subsequent disclosures.
📢 Disclaimer & Source Notice
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).
Investment Risk Warning: This content is provided solely for informational and educational purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial responsibilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
