[New Year's Message] Jeong Jae-hoon, President of Korea Hydro & Nuclear Power, "Stepping Up as a Comprehensive Energy Company Based on Nuclear Power"

Jaehoon Jung, President of Korea Hydro & Nuclear Power. / Photo by Dongju Yoon doso7@

[Asia Economy Reporter Moon Chaeseok] Jeong Jae-hoon, President of Korea Hydro & Nuclear Power, announced that in the new year, the company will advance as a comprehensive energy enterprise based on nuclear power.

In his New Year's address on the 2nd, President Jeong said, "We will firmly establish the nuclear power business on a solid foundation and, based on this, build a diverse business portfolio including hydroelectric power, new renewable energy, and overseas projects."

He evaluated last year's achievements as significant, including the comprehensive completion ceremony of Shin-Kori Units 3 and 4, obtaining the U.S. NRC standard design certification, and the continuous safe operation of Wolseong Unit 2 and Hanul Unit 3 for 8 and 7 cycles respectively.

He also recalled the expansion of renewable energy sources. This included the Saemangeum solar power project, the world's largest floating solar power plant, and the country's first electric vehicle used battery recycling energy storage system (ESS) project.

However, his recognition of reality was firm. He pointed out that many of KHNP's nuclear power plants are under maintenance, overseas projects face intense competition, and renewable energy has yet to generate substantial profits.

President Jeong emphasized, "We must recognize the harsh reality and unite all members to create a hopeful future toward becoming a comprehensive energy company despite the rapidly changing business environment."

He identified the key management policies for this year as enhancing the competitiveness of core businesses, achieving visible results in growth businesses, improving systems centered on work, people, and the future, and pursuing social value.

This content was produced with the assistance of AI translation services.