Korea Electric Power Corporation
| Korea Electric Power Corp.
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|---|---|
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| legal form | Corporation |
| ISIN | US5006311063 |
| founding | January 1, 1982 |
| Seat | Naju , South Korea |
| management | Kim Jong-Kap ( Chairman of the Board ) |
| Number of employees | 19,278 (as of end of 2012) |
| sales | 49.4 trillion Won (2012) |
| Branch | Electricity supplier |
| Website | www.kepco.co.kr |
The company Korea Electric Power Corp. (abbreviated KEPCO , kor. 한국 전력 공사 , Hanja 韓國 電力 公社 ) is the state power supply company of South Korea . The company was formed on July 1, 1961 from the merger of three regional Korean energy suppliers Chosun , Kyungsung and Namsun and was run under the name Korea Electric Company (KECO) . On January 1, 1982, the company was completely nationalized and has had its current name ever since. The company is listed in KOSPI on the Korea Exchange .
Export of nuclear power plants
In 2010 the United Arab Emirates ordered a nuclear power plant (with 4 reactor blocks) from KEPCO for a total of 19 billion dollars. South Korea, which is heavily dependent on oil imports, secured oil reserves in return. The foundation stone for the Barakah nuclear power plant was laid on March 17, 2011.
Immediately after the Fukushima disaster, President Lee Myung-bak traveled to Abu Dhabi to personally demonstrate the benefits of Korean technology.
The Korean government wants (as of 2010) that Korea rises to the top three of the nuclear power plant export nations. In January 2010, the Ministry of Knowledge Economy in Seoul announced that South Korea would aim for a total export volume of 80 nuclear reactors worth 400 billion US dollars by 2030. After the auto, semiconductor and shipbuilding industries, nuclear power should be expanded to become the fourth mainstay of the country. By 2030, almost every third nuclear power plant built in the world should come from South Korea.
The Kepco nuclear division is called 'Kepco Nuclear Fuel'. It praises itself as a CO 2 -avoiding, green model company that is preparing the "path to a prosperous society in which people and nature live in harmony".
Web links
- Official company website (Korean and English)