KOREA ELECTRIC POWER CORPORATION (KEP) Stocks
ABOUT KOREA ELECTRIC POWER CORPORATION
📊 Korea Electric Power Corporation (known as KEPCO or Hanjeon), a South Korean electricity utility company, was incorporated in 1982 and has its headquarters in Nanju, South Jeolla in South Korea.
📊 The company generates, transmits and distributes electricity and also develops electric power projects fueled by nuclear power, wind power and coal. It is the largest electric utility in South Korea. The South Korean government owns a 51.11% stake in the company.
📊 KEPCO’s roots can be traced back to the Seoul Electric Company (Hanseong Jeongi Hoesa), founded in 1989 during the Joseon Dynasty.
📊 In March 1943, several electric companies were integrated in the Korea Electric Power Company (KECO), following the Chōsen Electricity Control Decree by the Colonial Korean Government.
📊 In 1982, KECO became a wholly government-owned entity and changed its name to the Korea Electric Power Corporation (KEPCO).
📊 The company listed on the Korea Composite Stock Price Index (KOSPI) in 1898, and the New York Stock Exchange (NYSE) in 1994.
📊 Today, the company employs more than 20 000 people across its operations.
HISTORY OF KOREA ELECTRIC POWER CORPORATION
- Korea Electric Power Corporation is an integrated electric utility company that transmits and distributes electricity in the Republic of Korea.
- It conducts its operations through four primary segments: Transmission and Distribution, Nuclear Power Generation, Thermal Power Generation and All Others.
- Transmission and Distribution focuses on operations related to the transmission, distribution and marketing activities to end-users of electricity. Nuclear Power Generation is involved with nuclear, hydro and pumping-up power generation, whilst Thermal Power Generation focuses on bituminous coal, anthracite and liquefied natural gas (LGN) power generation. All Others’ activities include plant design, power-generation equipment assembly, electricity IT service, nuclear raw-materials supplement, renewable-source power generation and financial investment in international businesses.
- In December 2000, the Act on the Promotion of Restructuring the Electric Power Industry was proclaimed. This led to the splitting of the company’s electricity generation business into Korea Hydro & Nuclear Power.
- This subsidiary is responsible for nuclear & hydro power generation through five thermal power generation companies: Korea South-East Power, Korea Midland Power, Korea Western Power, Korea East-West Power and Korea Southern Power.
VISION & VALUES OF KOREA ELECTRIC POWER CORPORATION
- Korea Electric Power Corporation believes that progression is only possible by going back to basics and complying with basic procedures and industry requirements.
- It does not tolerate fraud of any kind and only engages in ethical operations that add value for shareholders who purchase company shares.
- The company continuously strives to lead by innovation and improve on customized quality and exceptional service.
MARKET PERFORMANCE OF KOREA ELECTRIC POWER CORPORATION
- Korea Electric Power Corporation trades on the New York Stock Exchange (NYSE) under the stock symbol KEP.
- For the second fiscal quarter 2019, the company recorded net income of KRW 55.2 and total equity of KRW 984.1.
- This sound performance bodes well for shareholders as they can buy or sell shares in the expectation of solid dividends and returns.