06/23/2026 | Press release | Distributed by Public on 06/23/2026 05:41
Report on Legal Proceedings
1. Title of the Lawsuit: Arbitration regarding the operational support services contract for the UAE nuclear power plant project
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Case No.: LCIA Arbitration No : 256584 |
2. Claimant: Korea Hydro & Nuclear Power Co., Ltd.("KHNP")
3. Summary of the Lawsuit: Withdrawal of arbitration by mutual agreement between the parties(Arbitration proceedings to continue at the Korean Commercial Arbitration Board)
4. Amount Claimed:
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Amount Claimed: - |
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Total Equity of Korea Electric Power Corporation("KEPCO"): KRW 49,323 billion |
5. Rationale for court ruling or decision : Submission of an agreement between the parties to change the competent court
6. Court of Jurisdiction: London Court of International Arbitration("LCIA")
7. Planned Action: -
8. Filing Date: June 22, 2026
9. Confirmation Date: June 22, 2026
10. Other Information for an Investment Decision:
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The arbitration mentioned above is being withdrawn from the LCIA pursuant to a mutual agreement between both parties to change the dispute resolution forum from the LCIA to the Korean Commercial Arbitration Board("KCAB"). |
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As the arbitration was withdrawn by mutual agreement, the settlement amount is not applicable and has been omitted. |
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The total equity of KEPCO above is based on the consolidated statements of the fiscal year 2025. |
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The date of court ruling or decision referenced above indicates the date on which the LCIA determined the termination of the arbitration proceeding. |
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The confirmation date referenced above indicates the date on which the KEPCO confirmed the termination of the arbitration proceeding from the LCIA. |
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Related Disclosure: Reports on Legal Proceedings dated May 7, 2025, May 8, 2025 and May 22, 2026. |