| Industry | Power generation Nuclear energy |
|---|---|
| Founded | 2001 |
| Founder(s) | Korea Electric Power Corporation |
| Headquarters | Seoul, South Korea |
| Key people | Jong-Shin Kim (CEO) |
| Products | Electricity |
| Employees | 7,500 (2008) |
| Parent | Korea Electric Power Corporation |
| Website | www.khnp.co.kr/index en.jsp |
Korea Hydro & Nuclear Power (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 Jong-Shin Kim. As of 2008, it had about 7,500 employees and sales revenue in KRW 5.8 trillion (approximately US$7 billion). The current international credit ratings are A2 stable/A stable/A+ stable(Moody's/S&P/Fitch), which are one of the top in global utility industry. [2]
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