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KAIST, KHNP Sign MOU on Nuclear Technology Development
KAIST signed a memorandum of understanding with the Korea Hydro & Nuclear Power Co. (KHNP) on Wednesday (May 6) to upgrade cooperation between the two organizations in nuclear power technology development. On hand at the signing ceremony at KAIST were KAIST President Nam-Pyo Suh, KHNP President Jong-Shin Kim and other related officials. The agreement calls for increased efficiency and synergy effect in the development of nuclear power generation by KAIST and KHNP to gain greater competitiveness in the exportation of nuclear power technologies. KHNP is responsible for the operation of all nuclear and hydraulic power plants in Korea which supply about 40 percent of the nation"s electric power demand. It is the largest among the six power generating subsidiaries that separated from Korea Electric Power Corporation (KEPCO) in April 2001.
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