LegalJun 23, 2026, 07:46 AM
KEPCO Arbitration Moves from LCIA to Korean Board
AI Summary
KOREA ELECTRIC POWER CORP (KEPCO) announced the withdrawal of an arbitration proceeding from the London Court of International Arbitration (LCIA). This action was taken by mutual agreement between the parties to change the dispute resolution forum to the Korean Commercial Arbitration Board (KCAB). As a result of the mutual withdrawal, no settlement amount is applicable. KEPCO's total equity stands at KRW 49,323 billion, based on its consolidated statements for fiscal year 2025.
Key Highlights
- Arbitration withdrawn from London Court of International Arbitration (LCIA).
- Arbitration to continue at Korean Commercial Arbitration Board (KCAB).
- Withdrawal and forum change occurred by mutual agreement of parties.
- Settlement amount is not applicable due to mutual withdrawal.
- KEPCO's total equity: KRW 49,323 billion (based on FY2025 consolidated statements).
- LCIA determined arbitration termination on June 22, 2026.
- KEPCO confirmed arbitration termination on June 22, 2026.
Price Impact
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