KHNP penalized top managers involved in corruption scandal

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KHNP penalized top managers involved in corruption scandal

The state-run Korea Hydro and Nuclear Power Corporation (KHNP) penalized high-level managers who secretly obtained unlisted stocks of KHNP’s supplier companies even after the 2013 counterfeit nuclear part scandal, said a lawmaker.

According to documents the KHNP submitted to Rep. Jeon Ha-jin of Saenuri Party on Thursday for a parliamentary audit, the nation’s main nuclear power plant operator first picked out six managers last year who illegally obtained suppliers’ unlisted stocks. However, the company ended up firing two of them who additionally received bribes, while the remaining four were not penalized.

The company belatedly penalized the four employees recently, after the Ministry of Trade, Industry and Energy found additional corruption from its own investigation and ordered punishment. Rep. Jeon said the KHNP still hasn’t improved after facing public criticism due to the 2013 counterfeit nuclear reactor part scandal. The former KHNP CEO, as well as major executives and key managerial employees who worked with reactor parts suppliers, were fired and imprisoned.

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