Last $20.88 USD
Change Today +0.17 / 0.82%
Volume 229.2K
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

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korea elec power corp-sp adr (KEP) Details

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea. It operates through Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-nuclear), Plant maintenance & engineering service, and Others segments. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, solar, and biogas sources. As of December 31, 2013, it had a total of 598 generation units, including nuclear, thermal, hydroelectric, and internal combustion units with a total installed generation capacity of 70,845 megawatts. The company’s transmission system consisted of approximately 32,249 circuit kilometers of lines of 765 kilovolts and others, including high voltage direct current lines, as well as 790 substations with an installed transformer capacity of 279,540 megavolt-amperes; and distribution system included approximately 105,740 megavolt-amperes of transformer capacity and 8,698,776 units of support with a line length of 449,683 circuit kilometers. It provides electricity to industrial, commercial, residential, educational, and agricultural customers, as well as for street lighting and overnight power usage. The company was founded in 1961 and is headquartered in Seoul, South Korea.

Founded in 1961

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korea elec power corp-sp adr (KEP) Key Developments

Korea Electric Power Corp. Reports Sales Results for the Month and Year to Date Ended July 2014

Korea Electric Power Corp. reported sales results for the month and year to date ended July 2014. For the month, the company reported total sales of 40,011 gigawatt hours compared to 39,172 gigawatt hours a year ago. For the year to date ended July 2014, the company reported total sales of 280,158 gigawatt hours compared to 278,030 gigawatt hours a year ago.

Korea Electric Considers Stake Sale

Korea Electric Power Corp. (KOSE:A015760) is considering selling company stocks and real estate to reduce its debt, but detailed plans have not yet been confirmed. "We are considering selling our stake as part of measures to curb debt. The timing and the type of deals will be confirmed depending on future market conditions," the company said in a regulatory filing. Korea Electric also said it will gradually push sales of its residual land, taking into account regulations and the real estate market.

Korea Electric Power Corp. Appoints Board Appointments

On August 12, 2014, Mr. Choi, Ki-Ryun and Mr. Sung, Tae-Hyun were appointed as non-standing directors of Korea Electric Power Corporation by the Minister of the Ministry of Strategy and Finance. The term of office for both newly appointed non-standing directors will be for two years until August 11, 2016.


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