Korea Electric Power Corporation (KEPCO)
SEO:015760 ISIN:KR7015760002
Korea Electric Power Corporation (KEPCO) is an integrated electric utility company is engaged in the transmission and distribution of electricity in Korea. As of December 31, 2007, the Company and its generation subsidiaries owned approximately 88.3% of the total electricity generating capacity in Korea (excluding plants generating electricity primarily for private or emergency use). During the year ended December 31, 2007, KEPCO sold 369 billion kilowatt-hours of electricity. Of the 386 billion kilowatt-hours of electricity KEPCO purchased in 2007, 37.9% was generated by Korea Hydro & Nuclear Power Co., Ltd., its wholly owned nuclear and hydroelectric power generation subsidiary. The Company also wholly owns its five non-nuclear generation subsidiaries: Korea South-East Power Co., Ltd (KOSEP), Korea Midland Power Co., Ltd. (KOMIPO), Korea Western Power Co., Ltd. (KOWEPO), Korea Southern Power Co., Ltd. (KOSPO) and Korea East-West Power Co., Ltd. (EWP).
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Asian markets are likely to post solid gains on Thursday, as U.S. stocks rallied on optimism over a fresh rescue package to help banks to remove toxic assets. The Nikkei stock average rose 1.2 percent on Thursday, buoyed by exporters such as Advantest Corp on a softer yen and after optimism about the U.S. government's rescue plan boosted Wall Street.
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