Aiming to Be Asia’s Top Utility

KEPCO Vows to Grow Together With Customers

By Ryu Jin

Staff Reporter

The Korea Electric Power Corp. (KEPCO), the state electricity monopoly that vows to ``grow together with customers,'' is gearing up to become Asia's top electric power company.

The company, founded as the first electric power company on the Korean Peninsula with the name ``Hansung Electric Company'' in 1898, targets annual overseas sales of 3.8 trillion won ($4 billion) by the year 2015 with mid- and long-term strategies for businesses at home and abroad.

At a time when domestic demand is slowing down, KEPCO's global management has already been making tangible achievements since last year, when Lee Won-gul, former vice minister of commerce, industry and energy, joined the firm as the president.