my timesThe Korea Times
  1. Business
  2. Companies

Aiming to Be Asia’s Top Utility

Listen
  • Published Jan 17, 2008 8:45 pm KST
  • Updated Jan 17, 2008 8:45 pm KST

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.