KEPCO Engineering & Construction, Court Orders Additional Payment of 9.3 Billion KRW to Subcontractor for Construction Costs
[Asia Economy Reporter Minwoo Lee] KEPCO Engineering & Construction announced on the 10th that it received a decision from the Korean Commercial Arbitration Board to pay subcontractor Hanra Co., Ltd. an additional construction cost of 9,358,970,000 KRW and interest at 6% per annum from the construction completion date of February 18, 2016, until the payment date.
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Meanwhile, Hanra was also ordered to pay KEPCO Engineering & Construction 2,681,810,000 KRW and interest at 6% per annum prescribed by the Commercial Act from December 12, 2016, the day after the delivery of the counterclaim, until the payment date.
This content was produced with the assistance of AI translation services.
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