Korea Joongang Daily
Korea JoongAng Daily

Kepco to keep electricity rates frozen for first quarter of 2026

The state-run Korea Electric Power Corporation (Kepco) said Monday it will freeze electricity rates for the first quarter of next year despite recent declines in global energy prices as part of efforts to improve its financial stability.

2025-12-22

Kepco, KHNP to spend combined $26M won in lawsuits over dispute

Korea's two public energy firms are expected to spend nearly 37 billion won on lawsuits filed against each other over a payment dispute involving a major nuclear power plant project in the United Arab Emirates.

2025-10-05

Malaysian gas plant partly owned by Kepco breaks ground

A groundbreaking ceremony to kick off the construction of a gas plant in Malaysia partly owned by Korea's state-run Korea Electric Power (Kepco) took place Tuesday in the Southeast Asian country, Kepco said.

2025-09-30

Summer's extreme heat wave created record power demand

Korea reported record-high electricity demand this summer amid a prolonged heat wave, the industry ministry said Monday.

2025-09-29

Kepco likely to freeze electricity rates for Q4

The state-run Korea Electric Power Corporation (Kepco) said Monday it will freeze the adjusted fuel cost for the fourth quarter, raising the possibility Korea's electricity rates will remain unchanged in the last three months of this year.

2025-09-22

KHNP CEO to meet Westinghouse officials in U.S. for joint venture discussions

Whang Joo-ho, President and CEO of KHNP, will visit the United States on Saturday to meet with officials from Westinghouse Electric Company (WEC) and sign an agreement to establish a joint venture aimed at penetrating the U.S. nuclear power market.

2025-08-20

Critics raise concerns over Westinghouse deal's impact on Korea's nuclear industry

The agreement KHNP and Kepco signed earlier this year with Westinghouse to end their intellectual property dispute reportedly includes a clause requiring Korea to provide Westinghouse with royalties amounting to $825 million for every reactor.

2025-08-19

KEPCO Q2 net spikes over tenfold on fuel price stability, cost cuts

The state-run Korea Electric Power (Kepco) said on Tuesday that its net income spiked more than tenfold from a year earlier in the second quarter, thanks to a drop in global oil prices and its cost-cutting efforts.

2025-08-12

Gulf countries accelerating investments in next-gen sectors with Korean tech

Even as global trade faces mounting uncertainty from U.S. tariffs and supply chain realignments, the Gulf Cooperation Council (GCC) is forging ahead with large-scale development projects — and Korean firms are moving quickly to capitalize.

2025-08-04

Kepco keeps electricity rate frozen for third quarter

The state-run Korea Electric Power Corporation (Kepco) said Monday it will freeze electricity rates in the third quarter despite recent declines in global energy prices as part of efforts to improve its financial stability.

2025-06-23