Kepco history

Yet the outbreak of the Korean War in 1950 caused the power grid between the two halves to be cut overnight--leaving South Korea, with its undeveloped power generation capacity, in economic chaos.

The company was founded on July 1, 1961 and is headquartered in Seoul, South Korea.“

As early as 1962, the country initiated plans to develop its own nuclear power industry with the aim of reducing its reliance on fossil fuels.

KEPCO's first pumped storage power station, the Mio Power Station, goes into operation (34MW; 1,500 kW added in December 1968)

Korea brought its first nuclear-based power generation facility online in 1978.

In 1982, KECO became a wholly government owned entity and was renamed the Korea Electric Power Corporation (KEPCO).

In the meantime, the company's total nuclear output topped 4.75 million kilowatts by 1986, representing 26 percent of its total power generation capacity.

1989: Kepco goes public with 21 percent of shares.

The company remained profitable, however, posting earnings of $557 million on 1993 revenues of $9.3 billion.

The company, which listed its shares (as ADRs) on the New York Stock Exchange in 1994, also had adopted a new strategic direction: that of international expansion.

1996 04.20 Changed company name to KEPCO Information Network Co., Ltd.

1998 12.03 Increased capital from KRW 31 billion to KRW 64 billion

1999: Government announces deregulation of the domestic electricity market and the restructuring of Kepco.

The new CEO, Chang Young-sik, launched the company on a restructuring drive, shedding a number of businesses--including its telecommunications investments, some of which were spun off into a new company, Powercomm, in 2000.

Massive strikes across the country forced the government to place Kepco's restructuring and the deregulation of the Korean market on hold until 2001.

As part of that strategy, the company created a new subsidiary, Kepco International, in November 2002, which took over the operations of its former overseas division.

Kepco continued to seek new international projects in 2003, with bids on ten different projects in markets including Saudi Arabia, the United Arab Emirates, and Myanmar.

Kepco expected to have the first of the two plants, which were to have a combined capacity of more than 600,000 MW, operational by the end of 2004.

At the same time, the government reiterated its determination to privatize all five of Kepco's power generating subsidiaries, with an eye toward full deregulation--including distribution to private homes--by 2009.

10.04 2010 Global Green Management Grand Prize for 2 consecutive years

June Hall of Fame at the 2011 Korea service Grand Prix

In October 2012, Korea Deposit Insurance Corporation sold its 3.6% of its stake in KEPCO for a fee of around $550 million.”

2013 11.28 Selected as a company with quality competitiveness for 3 consecutive years

2014 12.07 Head office building moved to Gwangju Jeonam Innovation City

AugustAwarded the Grand Prize for reconciling labor & management at the 2015 Korea best Management Awards

OctoberAwarded the Grand Prize for Public Enterprise with the financial structure at the 2016 Korea Financial Management awards for 3years in a row

OctoberAwarded the Grand Prize for Public Enterprise with the financial structure at the 2017 Korea Financial Management awards for 4years in a row

2018 11.30 Acquired ISO37001 - certification of anti-corruption management system