Korea Electronic Power Industrial Development Amends Service Contract with Korea Midland Power for Boryeong Plant - Extension Underway, No Financial Impact on Existing Structure

Korea Electronic Power Industrial Development filed an amendment on June 29, 2026 to extend the termination date of its fuel environmental equipment operation service contract with Korea Midland Power, originally signed in 2017, from June 30, 2026 to an indefinite date.
The revision reflects ongoing service performance and active extension negotiations, with the contract amount of 332 billion KRW remaining unchanged.
The contract value represents 90.3% of the company's 2024 consolidated revenue of 367.5 billion KRW, but as a pre-existing long-term service agreement, it does not involve additional funding or equity dilution.
[AI Summary]The amendment to Korea Electronic Power Industrial Development's service contract with Korea Midland Power is an administrative update of an existing long-term agreement, involving no new capital raising or changes to the capital structure. The counterparty is a state-owned utility with low credit risk, and the impact on shareholder value is neutral.