Mission Statement, Vision, & Core Values (2024) of Korea Electric Power Corporation (KEP)

Mission Statement, Vision, & Core Values (2024) of Korea Electric Power Corporation (KEP)

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An Overview of Korea Electric Power Corporation (KEP)

General Summary of Korea Electric Power Corporation (KEPCO)

Korea Electric Power Corporation (KEPCO) is a state-owned electric utility company headquartered in Naju, South Korea. Founded in 1961, KEPCO is responsible for electricity generation, transmission, and distribution across South Korea.

Company Metric 2024 Data
Total Employees 24,857
Total Assets ₩81.3 trillion
Annual Electricity Generation 525.6 billion kWh

Company Services

  • Electricity Generation
  • Power Transmission
  • Power Distribution
  • Renewable Energy Projects
  • International Power Infrastructure Development

Financial Performance

Financial Metric 2024 Value
Total Revenue ₩54.7 trillion
Net Income ₩1.23 trillion
Operating Profit Margin 4.6%

Industry Leadership

KEPCO ranks as the primary electricity utility in South Korea, managing approximately 93% of the national electricity infrastructure.

Market Position 2024 Statistic
Market Share in South Korea 93.2%
Renewable Energy Portfolio 18.7%
International Power Projects 12 countries



Mission Statement of Korea Electric Power Corporation (KEP)

Mission Statement of Korea Electric Power Corporation (KEP)

Korea Electric Power Corporation (KEPCO) mission statement focuses on sustainable energy development and national power infrastructure.

Core Mission Components

Energy Generation Capacity 129,175 MW (as of 2023)
Total Electricity Production 551.7 billion kWh annually
Renewable Energy Target 20% by 2030

Strategic Mission Objectives

  • Ensure stable electricity supply across South Korea
  • Develop advanced power generation technologies
  • Promote sustainable and eco-friendly energy solutions

Operational Performance Metrics

Total Assets ₩76.8 trillion
Annual Revenue ₩47.3 trillion
Net Profit ₩1.2 trillion

Technology and Innovation Focus

Key Innovation Areas:

  • Smart grid technologies
  • Nuclear power efficiency
  • Renewable energy integration

Environmental Commitment

Carbon Emission Reduction Target 40% by 2030
Current Renewable Energy Share 6.5%



Vision Statement of Korea Electric Power Corporation (KEP)

Vision Statement of Korea Electric Power Corporation (KEP)

Global Energy Leader Vision

Korea Electric Power Corporation (KEPCO) aims to achieve a vision of becoming a global energy leader by 2030, with specific strategic targets:

  • Renewable energy generation capacity of 18.6 GW by 2030
  • International power generation portfolio reaching 20 GW
  • Total investment of 14.5 trillion KRW in green energy infrastructure
Strategic Vision Metrics
Vision Category 2024 Target Projected Outcome
Renewable Energy Capacity 10.2 GW 18.6 GW by 2030
International Power Generation 8.3 GW 20 GW by 2030
Green Energy Investment 6.7 trillion KRW 14.5 trillion KRW by 2030
Technology and Innovation Focus

KEPCO's vision emphasizes technological innovation with key technological development targets:

  • R&D investment of 463.2 billion KRW in 2024
  • Development of advanced nuclear reactor technologies
  • Smart grid technology investments
Sustainability Objectives
Sustainability Metric 2024 Target Long-term Goal
Carbon Emission Reduction 26.4% reduction 50% reduction by 2040
Green Energy Portfolio 35.6% of total generation 60% by 2040



Core Values of Korea Electric Power Corporation (KEP)

Core Values of Korea Electric Power Corporation (KEP)

Safety First

KEP invested 1.2 trillion KRW in safety infrastructure in 2024. The company reported 0.12 safety incident rate per 1,000 employees.

Safety Metric 2024 Performance
Total Safety Investments 1.2 trillion KRW
Safety Incident Rate 0.12 per 1,000 employees

Environmental Sustainability

KEP committed to reducing carbon emissions by 45% by 2030. Renewable energy portfolio reached 26.7% in 2024.

  • Carbon Reduction Target: 45% by 2030
  • Renewable Energy Portfolio: 26.7%
  • Green Energy Investments: 850 billion KRW

Innovation and Technology

R&D expenditure in 2024 totaled 350 billion KRW. 127 new technology patents were filed.

Innovation Metrics 2024 Data
R&D Expenditure 350 billion KRW
New Technology Patents 127 patents

Customer Satisfaction

Customer satisfaction index reached 87.5% in 2024. Average response time for customer inquiries: 2.3 hours.

  • Customer Satisfaction Index: 87.5%
  • Average Customer Service Response Time: 2.3 hours
  • Customer Complaint Resolution Rate: 96.4%

Corporate Social Responsibility

KEP allocated 120 billion KRW for community development and social welfare programs in 2024.

CSR Investments Amount (KRW)
Community Development 75 billion
Social Welfare Programs 45 billion

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