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KEPCO Pioneers AI for Executive Hiring

KEPCO Pioneers AI for Executive Hiring

SEOUL, Mar. 18 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO), one of South Korea’s largest state-run companies, is breaking new ground by deploying artificial intelligence to assist in identifying and recommending talent for key leadership positions. The power utility has developed an “AI-based talent recommendation system” that taps HR and job performance data to [...]

Internal Discontent at KEPCO Over ‘Salary Return Agreement’ for Voluntary Retirement Funding

Internal Discontent at KEPCO Over ‘Salary Return Agreement’ for Voluntary Retirement Funding

SEOUL, Jan. 24 (Korea Bizwire) — The Korea Electric Power Corporation (KEPCO), grappling with a debt of 200 trillion won, is causing internal strife after asking employees to sign a ‘salary return agreement’ to fund voluntary retirement severance. This move has sparked significant discontent among employees, with some questioning why employee money is being used to [...]

KEPCO Enforces Stringent Measures in Wake of Solar Power Controversy

KEPCO Enforces Stringent Measures in Wake of Solar Power Controversy

SEOUL, Nov. 15 (Korea Bizwire) – On Tuesday, KEPCO announced its adoption of a one-strike policy, including the possibility of dismissal, in response to a swift investigation prompted by the National Audit Office. The audit revealed that numerous employees had breached their non-competition obligations, engaging in the solar power business and fueling a fairness controversy.  In [...]

KEPCO to Seek Gradual Rise in Electricity Prices Based on Production Cost: Chief

KEPCO to Seek Gradual Rise in Electricity Prices Based on Production Cost: Chief

SEOUL, Oct 19 (Korea Bizwire) — The chief of state-run Korea Electric Power Corp. (KEPCO) on Thursday said the company will continue to seek a gradual rise in electricity prices based on production costs amid the lingering uncertainties in the energy market. “The global electricity industry is facing an unprecedented crisis amid the insecurity in [...]

U.S. Energy Firm to Appeal Court Decision in Favor of KEPCO, KHNP over Nuclear Reactor Exports

U.S. Energy Firm to Appeal Court Decision in Favor of KEPCO, KHNP over Nuclear Reactor Exports

WASHINGTON, Sept. 19 (Korea Bizwire) – A U.S. energy firm said Tuesday it will appeal a district court’s decision earlier this week to dismiss its lawsuit filed to stop two South Korean state-run companies from exporting nuclear power plants. On Monday, the District Court for the District of Columbia rejected the complaint that Westinghouse Electric [...]

U.S. Court Rules in Favor of KEPCO, KHNP Over Nuclear Reactor Exports

U.S. Court Rules in Favor of KEPCO, KHNP Over Nuclear Reactor Exports

WASHINGTON, Sept. 18 (Korea Bizwire) — A U.S. district court on Monday dismissed a lawsuit that an American energy firm filed to stop two South Korean state-run companies from exporting nuclear power plants, determining it is not qualified to take the legal move. The District Court for the District of Columbia rejected the complaint that [...]