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South Korea's Woori Technology Wins Supply Contract for Control Systems for Kori Nuclear Power Plant Units 3 and 4

Woori Technology announced on August 20 that it has signed a supply contract with Korea Hydro & Nuclear Power (KHNP) to provide equipment and technical support for the Plant Monitoring System (PMS) facility improvement project for Units 3 and 4 of the Kori Nuclear Power Plant. According to the disclosed information, the contract amount is KRW 8.4726 billion, approximately KRW 8.5 billion, excluding value-added tax, accounting for 9.72% of Woori Technology's consolidated sales in 2025. The contract period runs from August 19, 2026 to February 21, 2028, with sales and supply limited to South Korea, and the supply method is in-house production. Under the contract arrangement, Woori Technology will...

2026-08-20

Woori Technology Signs VMI Agreement with Korea Hydro & Nuclear Power for Nuclear Power Plant Components

Woori Technology announced on the 10th that it has signed a Vendor Managed Inventory (VMI) agreement with Korea Hydro & Nuclear Power (KHNP). Under the agreement, Woori Technology plans to supply certain components for nuclear power plant control and instrumentation as early as next month. Vendor Managed Inventory is an inventory management model in which a supplier pre-stocks critical components based on customer demand forecasts and delivers them quickly upon customer request. The customer pays the corresponding procurement costs only after the components are put into use. This agreement primarily covers long-term inventory management and supply arrangements for components related to nuclear power plant control and instrumentation systems supplied by Woori Technology...

2026-08-10

South Korea's Woori Technology Completes KRW 40 Billion Convertible Bond Financing to Bolster Nuclear Power and SMR Businesses

Woori Technology, a South Korean company specializing in nuclear power plant Man-Machine Interface Systems (MMIS) and related instrumentation and control equipment, announced on August 6 that it has decided to issue the 20th series of unregistered, unsecured private convertible bonds (CBs) totaling KRW 40 billion. The raised funds will be primarily used for nuclear power, small modular reactor (SMR), offshore wind power, and resource recycling businesses. The maturity date of these convertible bonds is August 13, 2031, with a conversion price of KRW 10,717 per share. Both the coupon rate and yield to maturity are 0%, which helps the company secure long-term funding for core business investments while controlling financial costs. Woori Technology stated that the raised funds...

2026-08-06