Korea Hydro & Nuclear Power

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Korea Hydro & Nuclear Power
Hangul 한국수력원자력(주)
Hanja 韓國水力原子力(株)
Industry
Founded 2001 (2001)
Founder Korea Electric Power Corporation
Headquarters Seoul, South Korea
Key people
Cho Seok (7th CEO)
Products Electricity
Revenue ₩7.3 trillion
₩2.4 trillion
Profit ₩1.5 trillion
Total assets ₩48 trillion
Total equity ₩22 trillion
Number of employees
9,500 (2014)
Parent Korea Electric Power Corporation
Website cms.khnp.co.kr/eng

Korea Hydro & Nuclear Power (Korean: 한국수력원자력, KHNP) is a subsidiary of the Korea Electric Power Corporation (KEPCO). It operates large nuclear and hydroelectric plants in South Korea, which are responsible for about 40% of the country's electric power supply. It was formally established in 2001 as part of a general restructuring at KEPCO,[1] although KEPCO had opened its first nuclear plant at Kori in Busan in 1977. The first commercial operation of Kori nuclear #1 was held 1978.

The company also operates internationally, with offices in New York, Atlanta, Paris and Tokyo. The current CEO is Cho Seok (Korean: 조석).[2] As of 2014, it had about 9,500 employees[3] and sales revenue of 7.3 trillion[4] (approximately US$7 billion). The current international credit ratings are Aa3 stable/A+ stable/AA- stable(Moody's/S&P/Fitch),[5] which are one of the top in global utility industry.

In October 2013 a former chief executive of KHNP, amongst about 100 people, was indicted for falsifying nuclear component safety documents.[6]

History[edit]

On December 23, 2014, the company said that its computer systems had been hacked. There was speculation that the hack was connected with the November 24, 2014 Sony Pictures Entertainment hack[7] and the subsequent December 22, 2014 event whereby North Korea experienced severe internet outages.[8]

Power plants[edit]

See also[edit]

Notes[edit]

  1. ^ "History". KHNP English-language site. Retrieved November 19, 2014. 
  2. ^ "History of Executives". KHNP English-language site. Retrieved November 19, 2014. 
  3. ^ "Organization & Personnel". KHNP English-language site. Retrieved November 19, 2014. 
  4. ^ "Financial Statements". KHNP English-language site. Retrieved November 19, 2014. 
  5. ^ "Global Credit Ratings". KHNP English-language site. Retrieved November 19, 2014. 
  6. ^ "Indictments for South Korea forgery scandal". World Nuclear News. 10 October 2013. Retrieved 14 October 2013. 
  7. ^ http://www.smh.com.au/it-pro/security-it/south-korea-nuclear-plant-hacked-says-operator-20141222-12chrb.html Sydney Morning Herald
  8. ^ http://bigstory.ap.org/article/34ad411e0c9945a6a1d608ef54e988cf/north-korea-experiencing-severe-internet-outages AP
  9. ^ a b "KHNP is: Overview". KHNP English-language site. Retrieved November 19, 2014. 

External links[edit]