Korea Electric Power (NYSE:KEP) is a state-owned utility company headquartered in Naju, South Jeolla Province, South Korea. As the country’s largest integrated power provider, the company oversees the generation, transmission and distribution of electricity across nearly all regions of the Korean Peninsula. Its vertically integrated structure encompasses thermal, nuclear and renewable energy assets, enabling a balanced fuel mix to meet domestic power demand.
The company’s generation portfolio includes coal‐fired and liquefied natural gas plants, operating alongside a fleet of nuclear reactors and hydroelectric facilities. In recent years, Korea Electric Power has expanded its renewable footprint by investing in onshore and offshore wind farms, photovoltaic projects and energy storage systems to support South Korea’s transition toward a low-carbon energy system.
Since its founding in 1961 under government mandate to unify and modernize the nation’s electricity network, the company has played a central role in Korea’s rapid industrialization. Over time, it has diversified internationally, undertaking power plant construction and renewable energy partnerships in Asia, the Middle East and North America. These overseas ventures aim to leverage Korean engineering expertise and diversify revenue streams beyond the domestic market.
Governed by a board appointed by the Korean Ministry of Trade, Industry and Energy, the company operates through multiple subsidiaries responsible for regional distribution, research and development, and overseas investments. Its strategic priorities include enhancing grid reliability, advancing smart-grid technologies and supporting the government’s carbon neutrality goals through sustainable power solutions.
