Hanan Enters 'Emergency Management System' to Stabilize the District Energy Market

Comprehensive Measures by Scenario to Overcome Global Crisis
President Hwang Chang-hwa: "Prepare Strong Self-Help Plans to Overcome the COVID-19 Crisis"

Korea District Heating Corporation formed an "Emergency Management Task Force" to minimize the impact of the novel coronavirus infection (COVID-19) and held a kickoff meeting on the 17th. (Photo by Korea District Heating Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea District Heating Corporation (KDHC) announced on the 20th that it will enter an emergency management system to overcome the crisis caused by the novel coronavirus infection (COVID-19).

KDHC formed an 'Emergency Management Task Force' and held a kickoff meeting on the 17th.

This measure comes in response to the economic crisis caused by the global spread of COVID-19, which has led to sharp fluctuations in international oil prices, financial market instability, and a slowdown in the real economy, inevitably resulting in reduced sales and profits.

The goal is to minimize risk factors and stabilize the collective energy market.

President Hwang Chang-hwa will lead the task force. Through working-level meetings by division, they plan to prepare a 'comprehensive scenario-based plan' that includes detailed measures for crisis response as well as alternatives for fulfilling public functions.

President Hwang said, "Through the activities of the Emergency Management Task Force, we must prepare and implement strong self-help measures and manage them thoroughly," adding, "Through this, we will supply safe, comfortable, and convenient energy to the public."

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