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.

Korea Electric Power Corporation
Company typePublic State-owned Enterprise
Traded as
KRX: 015760
NYSE: KEP
IndustryElectric utility
Founded26 January 1898 (26 January 1898) (as Seoul Electric Company)
1 July 1961 (1 July 1961) (as Korea Electric Company)
FounderKorean government
Headquarters
Naju, South Jeolla
,
South Korea
Key people
Seung-Il Cheong
(President and CEO)
ProductsElectrical power
ServicesElectricity 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)
OwnerKorea Development Bank and Government of South Korea (51.10%)
National Pension Service (7.23%)
Number of employees
20,705 (2015)
Websitekepco.co.kr
Korea Electric Power Corporation
Hangul
한국전력공사
Hanja
韓國電力公社
Revised RomanizationHanguk Jeollyeok Gongsa
McCune–ReischauerHanguk 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.

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