Kepco Seeks Closer Ties With US as Part of Nuclear Export Push [Financial Post (Toronto, Ontario, Canada)]
Korea Electric Power Corporation (KEP)
US:NYSE Investor Relations:
home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Korea Electric Power Corp. is looking to bolster ties with the US as it attempts to sell more atomic power stations overseas, according to Chief Executive Officer Kim Dong-cheol. The state-owned utility and its Korea Hydro & Nuclear Power Co. unit are currently locked in a legal dispute with Westinghouse Electric Co. over the licensing of the US company's nuclear technology. Resolving the conflict would allow the US and South Korea to better face growing nuclear supply-chain risks from Russia and China, Kim said. “I regard the dispute with Westinghouse as a temporary one,” the 69-year-old former lawmaker said in an interview in New York. “To win more of these nuclear projects overseas, both Korea and the US would benefit more if we pursue profit sharing based on a stronger alliance.” Korea Hydro & Nuclear won a $17 billion contract in the Czech
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News
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- Mainstream Renewable Power and Ocean Winds project secures grid connection for 1.1 GW floating offshore wind farm in South Korea [Yahoo! Finance]Yahoo! Finance
- Kepco falls after freezing electricity rates, threatening more financial strain [Seeking Alpha]Seeking Alpha
KEP
Sec Filings
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K/A
- 11/20/24 - Form 6-K
- KEP's page on the SEC website