Korea Electric Power Corporation

Korea Electric Power Corporation
Company typePublic State-owned Enterprise
KRX: 015760
NYSE: KEP
IndustryElectric utility
Founded26 January 1898; 126 years ago (26 January 1898) (as Seoul Electric Company)
1 July 1961; 63 years ago (1 July 1961) (as Korea Electric Company)
FounderKorean government
Headquarters
Naju, South Jeolla
,
South Korea
Key people
Kim Dong-cheol
(President and CEO)
ProductsElectrical power
ServicesElectricity distribution
RevenueIncrease KRW 88.22 trillion (2023)[1]
Decrease KRW 4.54 trillion (2023)[1]
Decrease KRW 4.71 trillion (2023)[1]
Total assetsIncrease KRW 239.71 trillion (2023)[1]
Total equityIncrease KRW 37.26 trillion (2023)[1]
OwnerKorea Development Bank and Government of South Korea (51.10%)
National Pension Service (6.61%)
Number of employees
23,138 (2023)
Websitekepco.co.kr
Korea Electric Power Corporation
Hangul
한국전력공사
Hanja
韓國電力公社
Revised RomanizationHanguk Jeollyeok Gongsa
McCune–ReischauerHanguk Chŏllyŏk Kongsa

Korea Electric Power Corporation, better known as KEPCO (Korean: 켑코) or Hanjeon (Korean: 한전), is the largest electric utility in South Korea,[2] responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 96% of Korea's electricity generation as of 2023.[3] The South Korean government (directly and indirectly) owns a 51.10% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 83,235 MW. On the 2023 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 258.[4] KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of September 2024, KEPCO possesses an AA credit rating with S&P Ratings,[5] while Moody's has assigned KEPCO an Aa2 stable rating.[6]

Originally located in Samseong-dong, Seoul, KEPCO headquarters was relocated to the city of Naju in South Jeolla Province in August 2014 as part of a government decentralization program.[7] The move, which has been in the works for years has been controversial.[8] Dong-Cheol Kim is the president and CEO of KEPCO.

  1. ^ a b c d e "Korea Electric Power Corp Annual Report". kepco.co.kr.
  2. ^ "Korea Electric Power Corp. ADR". Morningstar. 2013. Archived from the original on 13 February 2008. Retrieved 3 February 2013.
  3. ^ International Business Machines (10 March 2011). "IBM Expands Global Intelligent Utility Network Coalition to Advance Smart Grid Development". IBM News room. Archived from the original on 15 March 2011. Retrieved 2 February 2013. {{cite web}}: |author= has generic name (help)
  4. ^ Fortune (25 July 2011). "Fortune Global 500: 271. Korea Electric Power". CNN Money. Retrieved 2 February 2013.
  5. ^ Yonhap News Agency (25 May 2011). "Kepco keeps A-plus credit rating". Korea JoongAng Daily. Archived from the original on 20 June 2013. Retrieved 2 February 2013.{{cite news}}: CS1 maint: unfit URL (link)
  6. ^ Moody's Investors Services (1 August 2009). "Korea's 5% Electricity Tariff Hike Is Credit Positive for State-Run KEPCO" (PDF). Archived from the original (PDF) on 19 October 2013. Retrieved 2 February 2013.
  7. ^ Jung Sung-ki (3 November 2011). "Move to Naju is part of governmental decentralization scheme". The Korea Times. Retrieved 2 February 2013.
  8. ^ "Inefficient moves". Korea JoongAng Daily. 9 May 2007. Archived from the original on 20 June 2013. Retrieved 2 February 2013.{{cite news}}: CS1 maint: unfit URL (link)