|Sep 21, 2017|
|Sep 21, 2017|
Currency in KRW
|Full time employees:||21,560|
Korea Electric Power Corp. engages in the generation, transmission and distribution of electricity. It operates through the following Businesses: Sale of Electric Power, Development of Electric Power Resources, Investment, and Real Estate. The company was founded on January 1, 1982 and is headquartered in Naju-si, South Korea.
Korea Electric Power Corp., known as Kepco, has a virtual monopoly in power generation and distribution in South Korea. The company was founded in 1982 when the government nationalized the electric power industry. Even though Kepco has gone public in Seoul and New York, the South Korean government and a government-controlled bank together hold more than 50% of the utility.
Kepco spun off its power generation operations to form six units, including Korea Hydro & Nuclear Power, in the 2000s. All six of the new companies are wholly owned subsidiaries.
Some independent companies have entered the power generation business.
Kepco's rates are regulated by the government. Since the utility cannot pass on fuel cost swings to customers, its earnings tend to fluctuate along with crude oil and natural gas prices. Since it has extremely good credit standing, it has managed to maintain a strong credit rating even when high crude oil prices meant it was losing money.
In line with government policy, Kepco intends to invest in nuclear power plants. As of 2013, South Korea was dependent on the atom for 26% of its power needs. The government aims to raise that ratio to 29% by 2035.
With South Korea's overall energy demand on the rise, it is estimated that the country will need to add at least 16 to 18 nuclear power reactors to the 23 has been operating by 2035. And even more new reactors will need to be built if any existing reactors are decommissioned.
Kepco also exports nuclear reactors. It landed a contract from the United Arab Emirates, beating competition from leading Japanese and U.S. companies.
Following the meltdowns at Japan's Fukushima Daiichi nuclear complex in 2011, however, some South Koreans have been calling for an end to nuclear power.
In the news
Government targets 129 big companies, triggering profit concerns
August 3, 2017 2:03 pm JST
Shipbuilder forms collaboration with Korea Electric Power
June 29, 2017 7:34 pm JST
High-tech is in, heavy industry is out as the president sets his priorities
June 15, 2017 10:00 am JST
Hanmi Science tops South Korea's Asia300, while SK Innovation posts worst performance
June 10, 2017 12:00 pm JST
South Korea's main power company faces tough demands from President Moon Jae-in
June 1, 2017 10:00 am JST
Company in focus
Power utility giant must adjust to push for less nuclear power and coal usage
May 28, 2017 12:00 pm JST
- Local currency
- US Dollar
|Income before tax||10,532.39B|
|Dividends per share||1,980|
|Operating cash flow||16,520.55B|
Currency in KRW
|Income before tax||9,078.16M|
|Dividends per share||1.70|
|Operating cash flow||14,239.52M|
Currency in USD
- President & Director: Hwan-Eik Cho
- Director & Vice President: Si-Ho Kim
- Director & Vice President: Hyang-ryul Ryu
- Director & Head-Planning: Sang-Kwon Hyun
- Director & Head-Sales: Sung-Chul Park
- Government of South Korea(51.1%)
- National Pension Service of Korea(6.4%)
- Saudi Arabian Monetary Agency (Investment Management)(1.4%)
- JF Asset Management Ltd.(0.9%)
- BlackRock Fund Advisors(0.8%)
- The Vanguard Group, Inc.(0.7%)
- Orbis Investment Management Ltd.(0.7%)
- Invesco Asset Management Ltd.(0.5%)
- Samsung Asset Management Co., Ltd.(0.3%)
- Eastspring Investments (Singapore) Ltd.(0.3%)
- Website: http://www.kepco.co.kr
- Address: 55 Jeollyeok-ro, Naju-si, 58217, South Korea
- Phone: +82.61.345.3114
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