Korea Electric Power Corp - Company Profile
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View moreBusiness Description
Korea Electric Power Corp (KEPCO) is an integrated electric utility, which generates, transmits, and distributes electricity, and develops electric power sources. It also provides power plant construction services. The company owns nearly 61.5% of the entire electricity generation capacity in South Korea (exclusive of plants generating electricity for or emergency or private use).
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R&D Overview
Its R&D efforts focus on enhancing its existing products and services, developing new products and services to meet customers’ changing needs and requirements, and striving to capture market opportunities. The R&D team develops innovative solutions for buildings, data centers, homes, industries, grids and infrastructure for smart energy. It also develops solutions for improving the efficiency of electricity generation through wind and solar sources. It focuses on the development of digital tools for improving efficiency and minimizing loss of electricity at end user level. The tools will connect electricity metering and monitoring systems to smart devices, software and apps, and will improve the capability of the entire system. It is also developing new decarbonization solutions for itself and for its customers to achieve net zero goals. In FY2022, it had 7,334 registered patents and 8,651 patent applications outstanding in Korea and abroad. In FY2022, it spent KRW727,810 million on R&D, which as a percentage of revenue, stood at 1% and decreased 5.3% YoY.
Business Segments
- Electric Power Generation (Non-nuclear)
- Electric power generation (Nuclear)
- Transmission and Distribution
- Electric Power Generation (Nuclear)
- Others
- Plant Maintenance & Engineering Service
Overview
Generates electricity from thermal, renewable, and other sources. It sells electricity to its group companies through the Korea Power Exchange.
Performance
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Overview
Transmits, distributes, and sells electricity to end-users. It purchases energy from its generation subsidiaries and independent power producers. Considers enhancing the capabilities of the existing power networks, besides reducing transmission and distribution loss, reinforcing stability of transmission and distribution facilities through design and material specifications, expanding underground transmission and distribution facilities to meet the demand for more environmentally-friendly facilities, and investing in automation of electricity transmission and developing new transmission technologies as major strategies for this segment.
Performance
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Overview
Generates electricity using nuclear source. Sells electricity to its group companies through the Korea Power Exchange. During 2021-23, this segment plans to invest KRW8,981 billion.
Performance
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Overview
Provides information services and communication line leasing; and sells nuclear fuel. It also includes overseas businesses and others.
Performance
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Overview
Provides plant maintenance and engineering, and other related services for thermal and nuclear power plants.
Performance
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Geographical Segments
Performance
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Performance
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