Korea Hydro & Nuclear Power Withdraws UAE Nuclear Arbitration via Jurisdiction Change Agreement, No Shareholder Value Impact

Korea Hydro & Nuclear Power withdrew its arbitration case pending at the London Court of International Arbitration LCIA regarding the UAE nuclear plant construction project O&M support service contract through mutual agreement.
The parties agreed to change the jurisdiction from LCIA to the Korean Commercial Arbitration Board, resulting in termination of the existing arbitration proceedings with no award amount.
This withdrawal is a procedural change involving no capital movement or fundraising, thus having no impact on shareholder value.
[AI Summary]Korea Hydro & Nuclear Power resolved procedural risk by withdrawing its UAE nuclear arbitration via a jurisdiction change agreement. No financial impact on capital markets is expected and existing project execution remains unaffected.