SEOUL, May 13 (Korea Bizwire) — South Korea’s state power firm Korea Electric Power Corp. (KEPCO) on Friday reported a record-high operating loss in the first quarter of this year due to high global energy costs and the freeze in electricity rates. Operating loss for the January-March period hit an all-time quarterly high of 7.78 [...]
SEOUL, May 4 (Korea Bizwire) — South Korea’s state utility Korea Electric Power Corp. (KEPCO) has launched an initiative to create a hydrogen ecosystem, including the commercialization of hydrogen and ammonia power generation, through a collaboration with private companies. KEPCO recently signed a memorandum of understanding with Lotte Chemical Corp. and POSCO Holdings Inc. to expand cooperation [...]
SEOUL, April 12 (Korea Bizwire) — BMW Group Korea said Monday it has signed a memorandum of understanding with South Korea’s state power firm Korea Electric Power Corp. (KEPCO) for joint development of a next-generation “plug-and-charge” electric vehicle (EV) charging service. The plug-and-charge service allows for one-stop processing of user identification and payment by simply [...]
SEOUL, March 29 (Korea Bizwire) — South Korea’s state-run Korea Electric Power Corp. (KEPCO) said Tuesday it will freeze the adjusted unit fuel cost, a key part of the country’s electricity rates, in the second quarter despite high energy prices amid rising inflation. KEPCO said it has decided to set the adjusted unit fuel cost [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s state power firm Korea Electric Power Corp. (KEPCO) will promote the joint use of its in-house greenhouse gas decomposition technology with the Korea National Railway, a railroad construction and management company, as part of efforts to limit carbon dioxide emissions. The company announced on Wednesday that it [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s state power firm Korea Electric Power Corp. (KEPCO) said Monday it will freeze the country’s electricity rates in the first quarter of 2022 amid rising inflation. KEPCO said it has decided to set the adjusted unit fuel cost at zero won per kilowatt-hour for the January-March period [...]
SEOUL, July 30 (Korea Bizwire) — LG Electronics Inc. has teamed up with the state-run utility Korea Electric Power Corp. (KEPCO) to develop an energy-saving service for households. The two parties signed a memorandum of understanding (MOU) on Thursday to develop an “electricity data and artificial intelligence (AI)-based customer experience-type home energy service.” The South [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electronics Co. on Monday said it has signed a partnership with the Korea Electric Power Corp. (KEPCO) to develop home energy solutions that can help users reduce electricity costs. Under the deal with the state-run utility firm, Samsung will use KEPCO’s electricity data to upgrade its SmartThings Energy [...]
SEOUL, June 3 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-run utility, said Wednesday that it will launch a new renewable energy transaction service through its energy marketplace EN:TER. The new renewable energy transaction service consists of the ‘My Power Plant Service’ and the ‘Green Premium Bidding Service.’ The My Power Plant [...]
SEOUL, May 18 (Korea Bizwire) — State-run utility Korea Electric Power Corp. (KEPCO) has teamed up with Kakao Mobility Corp., the country’s top taxi-hailing company, to provide a new electric vehicle (EV) charging service. The two parties recently signed a memorandum of understanding (MOU) to promote cooperation for the service development needed for the establishment [...]