In 2023, Korea Electric Power Corporation (KEPCO)'s annual operating profit amounted to losses of approximately 4.5 trillion South Korean won. This value was a significant decrease from the previous year's operating loss. That year, KEPCO was also ranked as the seventh-largest company in South Korea according to the Fortune Global 500.
KEPCO and its subsidiaries
KEPCO is a public corporation that generates, transmits, and distributes electrical power in South Korea, among other roles. It also has engaged in multiple projects abroad in countries such as the Philippines, China, and the UAE. Among KEPCO’s subsidiaries, Korea Hydro & Nuclear Power Co., Ltd. (KHNP) is the only nuclear power plant operator in the nation.
Nuclear energy in South Korea
Nuclear energy has become a key strategy for South Korea to diversify its energy sources and to move away from its high reliance on energy imports. Nuclear power had a lower settlement tariff price compared to coal on average, and accounted for almost 30 percent of total power generation in the country as of 2023. The current government plans to further increase the share of nuclear power in electricity generation by 2036.
Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023
(in trillion South Korean won)
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Operating profit in trillion South Korean won
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DART. (March 18, 2024). Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/
DART. "Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023 (in trillion South Korean won)." Chart. March 18, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/
DART. (2024). Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/
DART. "Operating Profit of Korea Electric Power Corporation (Kepco) from 2014 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 18 Mar 2024, https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/
DART, Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/ (last visited August 25, 2024)
Operating profit of Korea Electric Power Corporation (KEPCO) from 2014 to 2023 (in trillion South Korean won) [Graph], DART, March 18, 2024. [Online]. Available: https://www.statista.com/statistics/1030025/south-korea-kepco-operating-profit/