Korea Electric Power Corporation Overview
Pro stress-test →Korea Electric Power Corporation 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. Through its subsidiaries, KEPCO is responsible for 96% of Korea's electricity generation as of 2023.
Strategic Profile
Pro stress-test →The South Korean government owns a 51.10% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 83,235 MW. As of September 2024, KEPCO possesses an AA credit rating with S&P Ratings, while Moody's has assigned KEPCO an Aa2 stable rating.
Competitive Landscape
Pro stress-test →Following restructuring initiated in 2000, Korea's power industry includes generation subsidiaries: Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power, and Korea East-West Power. As the transmission and distribution monopoly, KEPCO dominates the sector with limited direct competition in its core business, though faces strategic pressure from renewable energy expansion and government decarbonization policy.
Industry Context
Korea Electric Power Corporation operates in Electric Utilities & Power Generation.
Key facts
Founded: 1961 · Headquarters: Naju, South Korea