KHNP Files $1.1B Arbitration Claim Against KEPCO Over UAE Nuclear O&M Contract
Korea Hydro & Nuclear Power (KHNP) filed arbitration with KCAB against KEPCO, claiming approx. $1.1 billion (1.66 trillion won) related to the UAE nuclear plant O&M service contract
The claimed amount of 1.6606 trillion won represents 3.37% of KEPCO's equity (49.3 trillion won)
KEPCO disagrees with the claim and will actively respond to the arbitration proceedings
The previous arbitration at LCIA will be withdrawn; jurisdiction changed to KCAB by mutual agreement
KOSPI Filing Information
Filing: Filing of Lawsuit, etc. / Application (Claim for Certain Amount or More)