Korea Hydro & Nuclear Power Co.
| Hangul | 한국수력원자력(주) |
|---|---|
| Hanja | 韓國水力原子力(株) |
 |
|
| Industry | |
| Founded | 2001 |
| Founder | Korea Electric Power Corporation |
| Headquarters | Gyeongju, North Gyeongsang, 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 |
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, 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). As of 2014[update], it had about 9,500 employees and sales revenue of ₩7.3 trillion (approximately US$6 billion). The current international credit ratings are Aa3 stable/A+ stable/AA- stable(Moody's/S&P/Fitch), which are one of the top in global utility industry.
In October 2013 a former chief executive of KHNP, David Suh, amongst about 100 people, was indicted for falsifying nuclear component safety documents.
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 and the subsequent December 22, 2014 event whereby North Korea experienced severe internet outages.
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Wikipedia