Korea Electric Power (NYSE:KEP) (NYSE: KEP) is South Korea’s largest electric utility, established in 1961 to oversee the nation’s power supply. As a state-run enterprise, KEPCO manages the generation, transmission, distribution and retailing of electricity across the Korean peninsula. The company’s integrated business model spans from fuel procurement and plant operation to grid management and customer services, ensuring reliable power delivery to residential, commercial and industrial users.
KEPCO operates a diverse mix of generation assets, including nuclear, coal-fired, liquefied natural gas (LNG), hydroelectric and renewable energy facilities. Its nuclear business is managed through specialized subsidiaries, while thermal plants burn coal or gas to meet baseload demand. In recent years, the company has accelerated investments in wind, solar and hydrogen technologies, positioning itself as an early mover in South Korea’s energy transition. KEPCO also oversees development and maintenance of the national transmission network, reinforcing grid stability and enhancing disaster resilience.
Beyond its domestic footprint, KEPCO has pursued overseas projects and partnerships in North America, China, Southeast Asia, the Middle East and Africa. These international ventures include independent power plants, smart-grid pilot programs and consultancy for infrastructure development. By exporting its expertise in plant engineering, construction and project financing, KEPCO seeks to diversify earnings and build strategic alliances with global energy players.
Governed by a board of directors and led by a president and chief executive officer appointed by the Ministry of Trade, Industry and Energy, KEPCO emphasizes transparency and stakeholder engagement. The company has launched strategic initiatives aimed at decarbonization, digital transformation and customer-centric solutions. Building on decades of experience, KEPCO continues to adapt its business model to regional regulatory changes, technological innovation and the growing demand for sustainable energy solutions.
