Agreement between Ministry of the Interior and Safety and Korea Hydro & Nuclear Power on Establishing Disaster Mitigation Activity Management System

Expectations for Uninterrupted Power Generation and Supply During Disasters

[Asia Economy Reporter Lim Cheol-young] On the 3rd, the Ministry of the Interior and Safety and Korea Hydro & Nuclear Power (KHNP) announced that they signed a business agreement to establish a Business Continuity Management System (BCMS) for KHNP’s partner companies and will actively promote the establishment of BCMS for three partner companies responsible for power plant equipment maintenance.

BCMS refers to strategies and business continuity plans established to ensure that corporate activities are not interrupted and core operations can continue even in the event of a disaster.

International attention was drawn to BCMS when Morgan Stanley, located in the World Trade Center during the September 11, 2001 terrorist attacks, succeeded in normalizing operations from the next day through BCMS. In response, Korea enacted the Act on Supporting Voluntary Disaster Mitigation Activities of Enterprises in 2007 to encourage companies to establish disaster mitigation activity plans and operates a certification system for outstanding disaster mitigation companies, providing benefits such as preferential financing to excellent companies.

Through this agreement, the Ministry of the Interior and Safety will support expert consultation and guidance on related administrative procedures necessary for establishing disaster mitigation activity plans, while KHNP will provide budgets necessary for plan establishment to partner companies and support post-management after the plan is established. This agreement will further solidify the system to operate power generation facilities, which are core infrastructure for electricity production, without interruption, enabling seamless power production and supply even in the event of a disaster.

Kim Hee-gyeom, Director of the Disaster Safety Management Headquarters at the Ministry of the Interior and Safety, stated, “Based on this business agreement, we will do our best to manage the safety of national core infrastructure, making efforts to ensure that essential public services such as electricity supply are not interrupted even during disasters.”

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