KEPCO
KHNP
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Korea Hydro & Nuclear Power
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, it had about 9,500 employees and sales revenue of ₩7.3 trillion (approximately US$7 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.