Korea Electric Power Corporation
 |
|
| Public | |
| Traded as |
KRX: : KEP |
| Industry | Electric utility |
| Founded | 1898 (as Seoul Electric Company) July 1st, 1961 |
| Headquarters | Naju, South Jeolla, South Korea |
|
Key people
|
Cho Hwan-Ik (president and CEO) |
| Products | Electrical power |
| Services | Electricity distribution |
| Revenue |
 KRW 58.95 trillion (2015)
|
|
KRW 11.34 trillion (2015)
|
|
|
KRW 13.41 trillion (2015)
|
|
| Total assets |
KRW 175.25 trillion (2015)
|
| Total equity |
KRW 67.94 trillion (2015)
|
| Owner |
Korea Development Bank (32.9%) Korean central government (18.2%) National Pension Service of Korea (6.84%) Citibank (5.31%) Saudi Arabian Monetary Agency (1.48%) |
|
Number of employees
|
20,705 (2015) |
| Website | www |
Korea Electric Power Corporation, better known as KEPCO, (한국전력공사: Hanguk Jeollyeok Gongsa : KEP, KRX: ) 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 is responsible for 93% of Korea's electricity generation. 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.
Currently located in Samseong-dong, Seoul, KEPCO headquarters is scheduled to relocate 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 Hwan-Ik Cho is the president and CEO of KEPCO.
KEPCO traces its origins to Hanseong Jeongi Hoesa (Seoul Electric Company), founded in 1898 during the Joseon Dynasty. The announcement of the Chosun Electricity Control Decree by the Colonial Korean government in March 1943 saw the integration of several electric companies into the Korea Electric Power Company. The Korea Electric Company (KECO), established through the integration of the Korea Electric Power Company and two distribution companies, Gyeongsung Electric Company and South Korea Electric Company, opened on July 1, 1961. In 1982, KECO became a wholly government owned entity and was renamed the Korea Electric Power Corporation (KEPCO).
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Wikipedia