Korean News

Embarrassment ridden KHNP CEO neglects to have term expanded

By Lee Kyung-min

Korea Hydro and Nuclear Power Corp. (KHNP) CEO Chung Jae-hoon, the main designer and master of the atomic stage out drive under the Moon Jae-in organization, neglected to get a term augmentation, Monday, notwithstanding his work to remain on as the top of the administrator of Korea’s 21 thermal energy stations, as indicated by market watchers. Chung’s three-year term finished last year, however he has since served another year. He will figure out how to hold his post until his replacement is selected.

The Ministry of Trade, Industry and Energy has inevitable making a suggestion to Cheong Wa Dae for his term augmentation, in the midst of the contention in arrangement bearings between the active and approaching organizations. President-elect Yoon Suk-yeol’s energy strategy is characterized as rejecting the active organization’s atomic stage out approach and raising the much reprimanded energy source to a key product driver industry.

The service’s choice has actually failed Chung’s tremendously scrutinized outcome in having a movement for his term augmentation pass at the KHNP investors’ gathering in February, in what was portrayed as an indecent move trying to eliminate resistance from closing down the Wolseong 1 atomic power reactor in Gyeongju, North Gyeongsang Province.

Chung got to work in April 2018, 90 days after his ancestor Lee Kwan-sup, a furious vocal pundit of the atomic stage out approach, surrendered mid-term in January, 22 months before his term terminated.

Chung has no quick possibility of landing other high-profile public help positions, basically until after the it is over to progressing criminal preliminary.

He was arraigned for controlling the monetary feasibility of Wolseong 1 atomic reactor, as a component of an organized more extensive work to purposely undermine the atomic power source to fall in line of the Moon Jae-in organization.

Separate from the preliminary, unionized laborers of the KHNP recorded a grumbling with Daejeong Prosecutors’ Office against Chung, April 1, asserting that his choice to close down the atomic reactor in the southern region and move to disappoint the development of four new reactors prompted 4 trillion won ($3.2 billion) in misfortunes. He will deal with break of trust indictments.

The 181 patrons said that Chung neglected to put forth any attempts to support the activity of the atomic reactors, as specified by related official announcements or mandates.

“Under the law, thermal energy stations are expected to work while going through upkeep and security reviews. Be that as it may, Chung has neglected to put forth any such attempts for quite some time since he started his term in April 2018,” the individuals said.

The individuals said Chung ought to be considered responsible for letting the organizations of their association’s power age rivals flourish to their detriment.

“His demonstration of the break of trust prompted environmentally friendly power and petroleum product organizations benefiting,” they added.

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