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 [...]
SEOUL, Feb. 19 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO) on Friday reported a net income of 2.09 trillion won (US$1.9 billion) in 2020, turning from a loss of 2.26 trillion won a year earlier on the back of the low fuel costs. Operating profit for the year was 4.08 trillion won, compared with [...]
SEOUL, Oct. 5 (Korea Bizwire) – The board of state-run Korea Power Electric Corp. (KEPCO) on Monday approved the company’s plan to participate in a coal-fired power plant construction project in Vietnam despite environment-related controversies. A slew of South Korean companies are seeking to implement the US$2.2 billion project to build the 1,200-megawatt Vung Ang [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced on Tuesday that it has developed Plug and Charge technology that enables automatic user certification and payment once a charging plug is inserted into an electric vehicle (EV). This technology ensures simple and automatic charging for EVs without the [...]