Fact Source: Financial Supervisory Service DART
Market: KOSPI (015760)
💡 3-Second Summary
KEPCO filed a corrected disclosure to confirm the case number (LCIA Arbitration No: 256584) regarding an arbitration claim of approx. KRW 1.57 trillion (USD ~1.1 billion) filed by KHNP related to the UAE Nuclear Power Plant Project.
📊 Key Disclosure Content & Financial Highlights
• Disclosure Title: (Correction) Institution of Legal Proceedings (Claims Above a Certain Amount)
• Correction Reason: Correction due to confirmation of case number
• Initial Filing Date: May 07, 2025 (Correction Date: May 08, 2025)
• Key Correction Details:
- Case Number: (Before Correction) – → (After Correction) LCIA Arbitration No : 256584
• Lawsuit & Arbitration Details:
- Case Title: Arbitration regarding the Operating Support Services Contract for the UAE Nuclear Power Plant Project
- Claimant: Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
- Respondent: Korea Electric Power Corporation (KEPCO)
- Claim Details: On May 7, 2025, KHNP filed for arbitration with the LCIA claiming payment of approx. USD 1.1 billion from KEPCO under the Operating Support Services Contract.
- Claim Amount: KRW 1,569,260,000,000 (KRW ~1.57T / approx. USD 1.1 billion)
- Ratio to Equity: 3.8% (Based on 2024 year-end consolidated equity of KRW 41,362,833,061,743)
- Jurisdiction / Institution: London Court of International Arbitration (LCIA)
- Filing & Confirmation Date: May 07, 2025 (KST)
• Future Action Plan: KEPCO plans to actively respond to the LCIA arbitration proceedings through its legal representatives.
• Other Key Notes:
- Claim amount was converted to KRW using the initial FX rate (KRW 1,426.6/USD) on the filing date (May 7, 2025).
- KEPCO explicitly stated that it does not agree with the claimed amount.
• Related Disclosures: N/A
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of LCIA Arbitration Progress and Subsequent Disclosures
This corrected filing provides the official case number for the large-scale arbitration claim (approx. KRW 1.57 trillion) filed by KHNP concerning the UAE Nuclear Power Plant Operating Support Services Contract. As KEPCO has expressed disagreement with the claim and intends to actively respond, tracking the progress of the arbitration proceedings and checking for subsequent disclosures or final decisions is important for understanding the official status and outcome of the matter. Relevant details can be verified through future corrective disclosures and official periodic reports.
📢 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).
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