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Korea Hydro & Nuclear Power Co., Ltd. (KHNP) has mutually agreed with the opposing party to withdraw arbitration…
KEPKorea Electric Power Corp
Korea Hydro & Nuclear Power Co., Ltd. (KHNP) has mutually agreed with the opposing party to withdraw arbitration proceedings (LCIA Arbitration No: 256584) regarding an operational support services contract for a UAE nuclear power plant project. The dispute resolution forum will shift from the London Court of International Arbitration (LCIA) to the Korean Commercial Arbitration Board (KCAB). Because the withdrawal was by mutual agreement, no settlement amount was specified. KEPCO's total equity as of fiscal year 2025 was KRW 49,323 billion. Korea Electric Power Corporation is an electric utility company.