Korea Electric Power Corporation
Korea Electric Power Corporation, better known as KEPCO (Korean: 켑코) or Hanjeon (Korean: 한전), is the largest electric utility in South Korea, 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 93% of Korea's electricity generation as of 2011. The South Korean government (directly and indirectly) owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating.
Company type | Public State-owned Enterprise |
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Traded as | KRX: 015760 NYSE: KEP |
Industry | Electric utility |
Founded | 26 January 1898 1 July 1961 (as Korea Electric Company) | (as Seoul Electric Company)
Founder | Korean government |
Headquarters | Naju, South Jeolla , South Korea |
Key people | Seung-Il Cheong (President and CEO) |
Products | Electrical power |
Services | Electricity distribution |
Revenue | KRW 58.95 trillion (2015) |
KRW 11.34 trillion (2015) | |
Net income | KRW 13.41 trillion (2015) |
Total assets | KRW 175.25 trillion (2015) |
Total equity | KRW 67.94 trillion (2015) |
Owner | Korea Development Bank and Government of South Korea (51.10%) National Pension Service (7.23%) |
Number of employees | 20,705 (2015) |
Website | kepco.co.kr |
Korea Electric Power Corporation | |
Hangul | 한국전력공사 |
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Hanja | 韓國電力公社 |
Revised Romanization | Hanguk Jeollyeok Gongsa |
McCune–Reischauer | Hanguk Chŏllyŏk Kongsa |
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. The move, which has been in the works for years has been controversial. Jong-Kap Kim is the president and CEO of KEPCO.