Korea Electric Power Corporation

Seoul South Korea

 

Company Description

Korea Electric Power (KEPCO) is slowly relinquishing its status as South Korea's electric utility monopoly. The company is still the country's primary power distributor, serving 12 million households. It generates 87% of Korea's power supply, with an installed capacity of more than 65,380 MW (primarily from thermal and nuclear plants). KEPCO also buys capacity from independent power producers. Industrial demand accounts for more than 50% of the company's annual output. In response to deregulation, the company plans to divest more than half of its Korean-based generation assets while it builds an extensive power plant portfolio in other countries. The Korean government controls 51% of KEPCO.