KHNP seeks USD 1.1 billion from KEPCO in UAE nuclear project arbitration

• KEPCO faces KCAB arbitration filed May 21, 2026 by KHNP over an operational support services contract tied to the UAE nuclear power plant project, seeking about USD 1.1 billion.
• The claim is about KRW 1.66 trillion, equal to 3.37% of KEPCO’s FY2025 consolidated equity of KRW 49.32 trillion.
• KEPCO is disputing the claim amount, which was calculated using an exchange rate of 1 USD to 1,509.7 KRW.
• The parties shifted the dispute forum from the LCIA, which is expected to be withdrawn, to the KCAB.

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